View full lesson: http://ed.ted.com/lessons/the-psychology-behind-irrational-decisions-sara-garofalo
Often people make decisions that are not “rational” from a purely economical point of view — meaning that they don’t necessarily lead to the best result. Why is that? Are we just bad at dealing with numbers and odds? Or is there a psychological mechanism behind it? Sara Garofalo explains heuristics, problem-solving approaches based on previous experience and intuition rather than analysis.
Lesson by Sara Garofalo, animation by TOGETHER.
Tagged under: Sara Garofalo,TOGETHER,rationality,irrational decisions,decision making,heuristics,anchoring effect,risk,loss aversion,cognitive bias,snap decisions,mental shortcut,TED,TED-Ed,Ted Education,TedEd
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