Kahneman-Tversky Maps

Kahneman-Tversky Maps are a visual tool used in psychology to illustrate how people perceive and evaluate risks or probabilities. They help show discrepancies between actual odds and how individuals tend to perceive them, often overestimating rare events and underestimating common ones. By mapping these perceptions, the tool reveals biases in decision-making, emphasizing how cognitive shortcuts and emotions influence our judgments. Essentially, it visualizes the gap between objective reality and subjective perception, aiding in understanding biases and improving decision-making strategies in fields like economics, health, and policy.