Priming is a very real thing. The news can prime us, something horrific, so I find other ways to get the necessary news like through friends or family. This lady is making me love maths and btw I love letters and numbers!
Start of play: I have enough food for my family to survive I take the bet and win: Great I have twice as much food to survive I take the bet and lose: My family starves Lose loss is the real deal breaker. Make your models realistic
It’s all about the psychology of risk, comfort zones and value. Most people are afraid of losing, they are not going to take a risk unless they can see some benefit, that’s why people like entrepreneurs make massive gains because they take on huge risks…..not $10.00 but from $50K-1 million for example when starting up a business. The principles are the same….they could achieve sensational success or lose their homes. People who have a distaste for risks will often end up working for someone else.
If you are inna negotiation, like celling a NEW product or msking business, Giving a bigger price taht the original would affect the "value percibed" of the profuct or business, priming also affects human recourses. Usually, a atractivo pesson is qualified with more "good atrivuttes" than a ugly person, even if that atractivo person is a toxic one. Thats the reason for looking beautiful girls selling make us more willing to Buy it, or when you ask a favor, if you first say a higher value that you really wanting, and the person days no, asking for a lower value would sound more aviable, so you get your objetive. If you want to borrow ten bucks, ask for 15, and THEN just say "ok, Just lend me 10".
Mathematical equivalence is not psychological equivalence, and the majority of people never studied statistics to the degree of understanding that standards of deviation are markers on a logarithmic scale.
And, it also involves trusting the external, unknown agent. Trusting that the coin is fair, trusting the agent is absolutely fair and free of biases. Trusting the agent that you are really getting the reward after winning it. Trusting that the agent really have that kind of money. Trusting that there are no other ways that you wouldn't get robbed off all of your rewards. 'Trust' is basically a process that involves lack of evidence. When you trust somebody, you're basically believing that they would or wouldn't do something that you want or don't want. If you have perfect knowledge about a particular process and someone's behaviour then that's not called 'trust', that's called perfectly predicting the future and acting upon it. The 'trust factor' is so damn high in this case, why would anyone even want to participate in it and this probably makes or at the very least, seems that the odd of losing is greater than winning.
Priming is a very real thing. The news can prime us, something horrific, so I find other ways to get the necessary news like through friends or family. This lady is making me love maths and btw I love letters and numbers!
Start of play: I have enough food for my family to survive
I take the bet and win: Great I have twice as much food to survive
I take the bet and lose: My family starves
Lose loss is the real deal breaker. Make your models realistic
An attractive woman with a bottle of wine will affect my decision making.
It’s all about the psychology of risk, comfort zones and value. Most people are afraid of losing, they are not going to take a risk unless they can see some benefit, that’s why people like entrepreneurs make massive gains because they take on huge risks…..not $10.00 but from $50K-1 million for example when starting up a business. The principles are the same….they could achieve sensational success or lose their homes. People who have a distaste for risks will often end up working for someone else.
A good tip. Now how can we benefit from this lesson?
If you are inna negotiation, like celling a NEW product or msking business, Giving a bigger price taht the original would affect the "value percibed" of the profuct or business, priming also affects human recourses. Usually, a atractivo pesson is qualified with more "good atrivuttes" than a ugly person, even if that atractivo person is a toxic one.
Thats the reason for looking beautiful girls selling make us more willing to Buy it, or when you ask a favor, if you first say a higher value that you really wanting, and the person days no, asking for a lower value would sound more aviable, so you get your objetive. If you want to borrow ten bucks, ask for 15, and THEN just say "ok, Just lend me 10".
a good example form book blink is using afirmation or sticky note of good word on your surounding
Product placement and any effective advertising/sponsorship will use priming.
2:55 here we go (Framing and Loss Averse)
thanks abc, you should have came to unsw
quite interesting))
Mathematical equivalence is not psychological equivalence, and the majority of people never studied statistics to the degree of understanding that standards of deviation are markers on a logarithmic scale.
this video was interesting and one more thing Lily your your smile is very beautiful.
Yeah priming doesn't really work.
The indian dudes have got the probability right!! :)
Since when has cost been equated to value?The $15 win Vs $10 loss sounds like a con and therefore to be avoided.!
And, it also involves trusting the external, unknown agent.
Trusting that the coin is fair, trusting the agent is absolutely fair and free of biases. Trusting the agent that you are really getting the reward after winning it. Trusting that the agent really have that kind of money. Trusting that there are no other ways that you wouldn't get robbed off all of your rewards.
'Trust' is basically a process that involves lack of evidence. When you trust somebody, you're basically believing that they would or wouldn't do something that you want or don't want.
If you have perfect knowledge about a particular process and someone's behaviour then that's not called 'trust', that's called perfectly predicting the future and acting upon it.
The 'trust factor' is so damn high in this case, why would anyone even want to participate in it and this probably makes or at the very least, seems that the odd of losing is greater than winning.
Yeah...But this is a TV program and it's being recorded, I think that's enought to know is not a con.
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I READ ABOUT THIS IN THINKING FAST AND SLOW
wow you beautiful !