On the reality of cognitive illusions.

@article{Kahneman1996OnTR,
  title={On the reality of cognitive illusions.},
  author={Daniel Kahneman and Amos Tversky},
  journal={Psychological review},
  year={1996},
  volume={103 3},
  pages={582-91; discusion 592-6}
}
The study of heuristics and biases in judgement has been criticized in several publications by G. Gigerenzer, who argues that "biases are not biases" and "heuristics are meant to explain what does not exist" (1991, p. 102). The article responds to Gigerenzer's critique and shows that it misrepresents the authors' theoretical position and ignores critical evidence. Contrary to Gigerenzer's central empirical claim, judgments of frequency--not only subjective probabilities--are susceptible to… CONTINUE READING
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