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Michael Pokrovski

σε πρόσθεσε στο Decision Making and Problem Solving
2026-06-11 12:11:14 -

What is dual process theory?
What Is Dual Process Theory? A bat and a ball cost $1.10 in total. The bat costs $1.00 more than the ball. How much does the ball cost? Most people immediately answer: 10 cents. The answer feels right. It arrives effortlessly. It appears complete. Yet it is wrong. If the ball costs 10 cents, the bat costs $1.10, bringing the total to $1.20. The correct answer is 5 cents. This tiny...

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Michael Pokrovski

σε πρόσθεσε στο Decision Making and Problem Solving
2026-06-08 20:28:18 -

Who is Daniel Kahneman?
Who Is Daniel Kahneman? The Question Behind the Question Most biographies begin with a date, a place, a résumé of achievements. This one begins differently. A young soldier in the 1940s is tasked with evaluating whether his peers are suitable for leadership roles. He observes them briefly—sometimes for only a few minutes—and then writes down his impressions. He...

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Michael Pokrovski

σε πρόσθεσε στο Decision Making and Problem Solving
2026-06-08 18:57:16 -

Why do people make irrational decisions?
Why Do People Make Irrational Decisions? The Puzzle Hidden in Ordinary Choices A man drives across town to save $20 on a household appliance worth $100. The next day, he declines to drive the same distance to save $20 on a refrigerator worth $2,000. The amount saved is identical. The effort required is identical. Yet the decision changes. Most people immediately understand why. And that...

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