LW
Rational Home Buying
Scott offers evidence-based advice for buying a home, covering common psychological pitfalls like underestimating commute times, availability bias, and comparison shopping effects.
14 min read 2,123 words
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Daniel Kahneman
Essays tagged “Daniel Kahneman”. Follow an idea across the archive.
Essays on Daniel Kahneman
2 essaysLW
Prospect Theory: A Framework for Understanding Cognitive Biases
Scott explains prospect theory, Kahneman and Tversky's model of how people actually make decisions, showing how its value and probability weighting functions predict numerous cognitive biases including loss aversion, scope insensitivity, and framing effects.
8 min read 1,202 words