134k views
3 votes
Kahneman and Tversky (1984): Describe the experiment demonstrating the failure of dominance (experiment 2)?

1 Answer

5 votes

Final answer:

The experiment by Kahneman and Tversky in 1984 aimed to show the failure of dominance in decision-making, where individuals do not always choose logically superior options due to cognitive biases and social pressures.

Step-by-step explanation:

The Kahneman and Tversky experiment in 1984 was designed to demonstrate the concept of the failure of dominance, wherein people may fail to choose the option that is logically superior in every way. While the exact details of 'Experiment 2' are not provided in the reference material given, Kahneman and Tversky are widely known for their work on decision making under uncertainty, including the violation of the dominance principle. This principle states that if option A is better than option B in every circumstance, then option A should always be chosen. However, Kahneman and Tversky's experiments found that people do not always follow the principle of dominance, often influenced by irrelevant factors, such as the framing of choices, risk aversion, and cognitive biases.

Conforming to Expectations is an example of an experiment, akin to those conducted by Kahneman and Tversky, though it directly references the Asch conformity experiments where participants were swayed by peer pressure to make incorrect choices, despite clear evidence to the contrary. These studies highlight how social factors can influence decision-making, leading to the violation of dominance.

User Anne
by
8.0k points