Ralph Hertwig

Quick Facts

Full Name	Ralph Hertwig
Occupation	Psychologist
Date Of Birth	Nov 4, 1963(1963-11-04)
Age	61
Birthplace	Heilbronn
Country	Germany
Birth City	Baden-Württemberg
Horoscope	Scorpio

Ralph Hertwig Biography

Ralph Hertwig is one of the most popular and richest Psychologist who was born on November 4, 1963 in Heilbronn, Baden-Württemberg, Germany.

Hertwig received his Ph.D. in Psychology from the University of Konstanz, Germany, in 1995. In the same year, he joined Gerd Gigerenzer’s research group at the Max Planck Institute for Psychological Research in Munich; in 1997, the group moved to the Max Planck Institute for Human Development in Berlin. In 2000, Hertwig received a fellowship from the German Research Foundation, which supported his research at Columbia University for three years. Hertwig obtained his Habilitation qualification from the Free University of Berlin in 2003, and in the same year became Assistant Professor for Applied Cognitive Science at the University of Basel, Switzerland. In 2005, he was appointed Full Professor of Cognitive and Decision Sciences. In 2012, Hertwig was appointed Director of the Center for Adaptive Rationality at the Max Planck Institute for Human Development in Berlin.

People can learn about the potential consequences of their decisions and the associated probabilities in two ways: by reading summaries of probability information (e.g., drug-package inserts) or by personally experiencing the consequences of their decisions, one at a time (e.g., going out on dates). Using monetary lotteries to compare these two learning modes, Hertwig and colleagues observed a “description-experience gap,” a phenomenon by which rare events are given too much weight in decisions from description and too little weight in decisions from experience. This occurs partly because decisions from experience are based on small samples, where people are simply less likely to experience the rare event. The description–experience gap has been observed across thousands of choices and found to generalize beyond monetary gambles to domains including causal reasoning, intertemporal choice, consumer choice, investment decisions, medical decisions, and adolescent risk taking.

Ralph Hertwig Net Worth

Ralph Hertwig is one of the richest Psychologist from Germany. According to our analysis, Wikipedia, Forbes & Business Insider, Ralph Hertwig 's net worth $5 Million. (Last Update: December 11, 2023)

Ralph Hertwig (born November 4, 1963, in Heilbronn, Germany) is a German psychologist whose work focuses on the psychology of human judgment and decision making. Hertwig is Director of the Center for Adaptive Rationality at the Max Planck Institute for Human Development in Berlin, Germany. He grew up with his brothers Steffen Hertwig and Michael Hertwig (parents Walter and Inge Hertwig) in Talheim, Heilbronn.

Height, Weight & Body Measurements

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Who is Ralph Hertwig Dating?

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The rationality of a heuristic depends on whether it matches the structure of the environment in which it is applied. The notion of ecological, rather than logical, rationality challenges a core premise of the heuristics-and-biases program, namely, that intelligent processes must conform with the formal principles of logic, probability theory, and rational choice theory, irrespective of the decision context. Hertwig does not uncritically accept these domain-general standards; rather, he asks which other context-specific concerns may be at play when such principles are violated. In his Ph.D. dissertation, he showed that the conjunction fallacy, a seemingly logical error often illustrated by the Linda problem, reflects people’s capacity to infer the meaning of polysemous terms like probability.

Facts & Trivia

Redmond Ranked on the list of most popular Psychologist. Also ranked in the elit list of famous people born in Germany. Ralph Hertwig celebrates birthday on November 4 of every year.