Intuition (Routine Focus Of The Brain)

. Intuition = is knowing without knowing why, ie at first glance, knowing that something is a fake. It is based on memory. To develop intuitive expertise depends on the quality and speed of feedback plus sufficient opportunity to practice.

. In the case of subjective confidence, experts need to know the limits of their expertise, ie their confidence

. Intuition involves

"...The situation has provided a clue; this clue has given the expert access to information stored in memory, and the information provides the answer. Intuition is nothing more and nothing less than recognition......valid intuitions develop when experts have learned to recognise familiar elements in a new situation and to act in a manner that is appropriate to it.....professionals' intuitions do not all arise from true expertise..."

Herbert Simon as quoted by Daniel Kahneman, (2012)

. Intuitive heuristic

"...where judgements and decisions are guided correctly by feelings of liking and disliking, with little deliberation or reasoning......when faced with a difficult question the often answer an easier one instead usually without noticing the substitution..."

Herbert Simon as quoted by Daniel Kahneman, (2012)

. Routine focus of the brain is mainly based on impression, intentions and feelings.

. Beliefs are formed when rational thinking supports impressions and intuition.

. Rational conveys an image of greater deliberation, more calculation and less warmth; a rational person is regarded as reasonable. Yet non-psychologists, especially economists, look at rationality as being internally consistent rather than reasonable. It is logical coherence - reasonable or not. It demands adhering to rules of logic that our finite minds are not able to implement.

. Humans are not irrational but need help to make more accurate judgements and better decisions.

. People act in ways that seem odd, ie not in their long-term interest, but they could have a good reason to do so, ie people choosing not to save for old age or exposing themselves to addictive substances.

"...deviating from the normal choice is an act of commission, which requires more effortful deliberation, takes on more responsibility, and is more likely to evoke regret than doing nothing. These are powerful forces and that may guide decisions of someone who is otherwise unsure of what to do......Also need protection from others who would deliberately exploit their weaknesses..."

Daniel Kahneman, (2012)

. Intuition works well in 2 environments, ie

- is sufficiently regular to be predictable

- provides an opportunity to learn those regularities through prolonged practice

. The illusion of validity (have no idea what they do not know and what they are doing)


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