Answer all questions briefly. (Reading of Thinking Fast & Slow )

https://archive.org/details/thinking-fast-slow/page/n3/mode/2up?q=meek

Question 1) Write a short explanation of why Linda's example violates what Kahneman understands as rational.

Question 2) Explain why cause trumping statistics is a problem in rational decision-making for Kahneman.

Question3) What is regression to the mean? Explain by giving a simple example different from what Kahneman uses in his book.

Question 4)Briefly explain either the illusion of validity or outcome bias.

Question 5) Kahneman talks about how formulas do better than experts. How do you feel, personally, about his claim? Would you feel differently if the formulas were substituted by an AI?