[SystemSafety] Bounded rationality or ignorance?

[Peter Bernard Ladkin]

On 2018-10-16 01:51 , Les Chambers wrote:
> 
> Framing effects/prospect theory.  ....
> Example: "Sure, we will deliver on time if we stop testing ... But if we kill someone through system failure your career is over! You'll lose your company car. You won't be able to feed your family. You'll spend the rest of your life on the unemployment queue, in misery and regret. "
> https://thedecisionlab.com/bias/framing-effect/

That is nowhere near an example of the phenomenon addressed by prospect theory. Wikipedia has some
examples but unfortunately they seem to be cloaked in overweaning mathematical symbolism and I don't
find them as persuasive as the Kahnemann/Tversky experiments.

PBL

Prof. Peter Bernard Ladkin, Bielefeld, Germany
MoreInCommon
Je suis Charlie
Tel+msg +49 (0)521 880 7319  www.rvs-bi.de





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