Skip to main content

Posts

Showing posts with the label Kahneman

Just my thoughts #0786

Money and God: The Bible draws a comparison between humans’ tendency to worship money above all else and the sin of not worshiping God. This comparison arises because money, like God, represents a concept of infinity in human terms. Money shows the value of each unit as a number. Although it is just a paper bill, the number on it indicates its currency value, called the nominal value. Yet, even if many bills are present, the real value is only the cost of paper and printing, making the intrinsic value insignificant. However, if society recognizes it, the nominal value of money can theoretically be limitless despite its negligible intrinsic worth. This potential for limitlessness mirrors human greed, which also knows no bounds. In contrast, when God revealed Himself to humans, He said, “I am that I am.” This statement emphasizes God’s true infinity. What could be a better way to express God’s infinite nature? - Joseph’s “just my thoughts”

Just my thoughts #0039

The Anchoring Heuristic In 1974, Tversky and Kahneman divided two groups and asked one group to calculate the value of "8x7x6x5x4x3x2x1" and the other group to answer the question "1x2x3x4x5x6x7x8" immediately. The average calculation result of the first group was 2,250, and that of the second group was 512. For both groups, the original answer is 40,320, which is the same. Although they multiplied by the same number, the first group multiplied by the order of the larger number, resulting in a higher baseline adjustment, while the second group did the opposite. When we judge and make decisions, the reference point determines the extent and direction of our illusion. When we live, we have to deal with these fallible human beings. - Joseph's "just my thoughts"