Pioneering psychologist Daniel Kahneman discusses his work on the psychology of judgement and decision making and its ramifications for the singularity.
Bio
Daniel Kahneman
Daniel Kahneman pioneered the field of heuristics and biases with Amos Tversky. He won the 2002 Nobel Prize in Economics for his work on human decision-making.
Noble Prize-winning psychologist Daniel Kahneman comments on the most important biases concerning the singularity. Kahneman sees the major bias as believing in seemingly inevitable scenarios.
In statistics and related subfields of philosophy, the theory and method of formulating and solving general decision problems. Such a problem is specified by a set of possible states of the environment or possible initial conditions; a set of available experiments and a set of possible outcomes for each experiment, giving information about the state of affairs preparatory to making a decision; a set of available acts depending on the experiments made and their consequences; and a set of possible consequences of the acts, in which each possible act assigns to each possible initial state some particular consequence. The problem is dealt with by assessing probabilities of consequences conditional on different choices of experiments and acts and by assigning a utility function to the set of consequences according to some scheme of value or preference of the decision maker. An optimal solution consists of an optimal decision function, which assigns to each possible experiment an optimal act that maximizes the utility, or value, and a choice of an optimal experiment. See also cost-benefit analysis, game theory.