Chapter 6

Representativeness heuristic:
   We rely on the similarity between our conceptions of a category and our impression of the object/person/situation to make our judgments
   We assume that a member of a category should be representative of all the other instances in that category

   Basis for stereotypes

   Leads to ignore relevant base rate information when other information is given, even if the latter is recognized as being nonpredictive

   Leads to missing the logical structure of the problem
      Conjunction fallacy: the conjunction of two events cannot be more likely than either event alone
      As the amount of details increases the representativeness of the event increases as well as it makes it more life-like, but the probability can only decrease

   Leads to ignore sample size
      Law of small numbers: incorrectly assume that small samples are as representative of the population as large samples

Knowing the basic laws of probability is useful to think logically
   Confusion of the inverse: wrongly assuming that the probability of A knowing B is the same as the probability of B knowing A
   Should rely on ratio rule: p(A/B) x p(B) = p(B/A) x p(A)

The use of heuristics is automatic; in order to counteract it we have to think about the base rates associated with a certain event: "How prevalent is this category?"