Podcast
Questions and Answers
What is a heuristic?
What is a heuristic?
What is a frequency estimate?
What is a frequency estimate?
An assessment of how often various events have occurred in the past.
What does attribute substitution refer to?
What does attribute substitution refer to?
A strategy of relying on easily accessed information as a substitute for needed information.
Provide an example of attribute substitution.
Provide an example of attribute substitution.
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What is the availability heuristic?
What is the availability heuristic?
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Give an example of an availability heuristic.
Give an example of an availability heuristic.
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What is the representativeness heuristic?
What is the representativeness heuristic?
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What happens in using the representativeness heuristic?
What happens in using the representativeness heuristic?
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What is the 'Man Who Argument'?
What is the 'Man Who Argument'?
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Why is covariation important?
Why is covariation important?
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What are illusions of covariation?
What are illusions of covariation?
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What causes illusions of covariation?
What causes illusions of covariation?
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What is motivated reasoning?
What is motivated reasoning?
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What is confirmation bias?
What is confirmation bias?
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When judging covariation, what is likely to guide the process?
When judging covariation, what is likely to guide the process?
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Provide an example of confirmation bias.
Provide an example of confirmation bias.
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What is base-rate information?
What is base-rate information?
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Provide an example of base rate information.
Provide an example of base rate information.
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What produces the neglect of base rates?
What produces the neglect of base rates?
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When are people likely to respond to base rate information?
When are people likely to respond to base rate information?
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When does Type 2 thinking come into play?
When does Type 2 thinking come into play?
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What is Type 1 thinking?
What is Type 1 thinking?
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What is Type 2 thinking?
What is Type 2 thinking?
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What principle does the availability heuristic operate on?
What principle does the availability heuristic operate on?
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Under what conditions are heuristic-based judgments more likely?
Under what conditions are heuristic-based judgments more likely?
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What helps sophisticated Type 1 thinking occur?
What helps sophisticated Type 1 thinking occur?
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When is base rate neglect more likely to happen?
When is base rate neglect more likely to happen?
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How are people more alert to a base rate?
How are people more alert to a base rate?
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What happens when both sophisticated Type 1 and Type 2 judgments are triggered?
What happens when both sophisticated Type 1 and Type 2 judgments are triggered?
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What basic statistical concepts do people understand?
What basic statistical concepts do people understand?
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What must be changed to improve the quality of someone's thinking?
What must be changed to improve the quality of someone's thinking?
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What is induction?
What is induction?
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Give an example of induction.
Give an example of induction.
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What is deduction?
What is deduction?
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What does deduction help maintain?
What does deduction help maintain?
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What type of evidence is most valuable?
What type of evidence is most valuable?
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What happens when people encounter confirming evidence?
What happens when people encounter confirming evidence?
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Why is confirmation bias beneficial?
Why is confirmation bias beneficial?
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Provide an example of confirmation bias.
Provide an example of confirmation bias.
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What is belief perseverance?
What is belief perseverance?
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Why is searching memory to confirm a hypothesis unreliable?
Why is searching memory to confirm a hypothesis unreliable?
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What is a categorical syllogism?
What is a categorical syllogism?
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Give an example of a categorical syllogism.
Give an example of a categorical syllogism.
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What is a valid syllogism?
What is a valid syllogism?
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What is an invalid syllogism?
What is an invalid syllogism?
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Provide an example of a valid syllogism.
Provide an example of a valid syllogism.
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Provide an example of an invalid syllogism.
Provide an example of an invalid syllogism.
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What is belief bias?
What is belief bias?
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Errors in logical reasoning are also quite _____ and so don't look like mere carelessness.
Errors in logical reasoning are also quite _____ and so don't look like mere carelessness.
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What does it mean when people show the belief-bias pattern?
What does it mean when people show the belief-bias pattern?
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What is an example of affirming the consequent?
What is an example of affirming the consequent?
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What is an example of denying the antecedent?
What is an example of denying the antecedent?
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What is a conditional statement?
What is a conditional statement?
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How is reasoning about conditional statements perceived?
How is reasoning about conditional statements perceived?
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What does the Selection Task indicate?
What does the Selection Task indicate?
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We make decisions some _____ and some ____.
We make decisions some _____ and some ____.
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What is utility maximization?
What is utility maximization?
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You will make decisions that will give you as much _____ as possible.
You will make decisions that will give you as much _____ as possible.
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What can happen if a participant receives both positive and negative frames?
What can happen if a participant receives both positive and negative frames?
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How must you manipulate someone's evaluation of something?
How must you manipulate someone's evaluation of something?
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What happens if the frame emphasizes losses?
What happens if the frame emphasizes losses?
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What is risk seeking?
What is risk seeking?
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What triggers risk seeking behavior?
What triggers risk seeking behavior?
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What happens if the choice is framed in terms of gains?
What happens if the choice is framed in terms of gains?
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What is risk aversion?
What is risk aversion?
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An emphasis on reasons suggests that decision making is a _____ and _____ exercise.
An emphasis on reasons suggests that decision making is a _____ and _____ exercise.
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What is reason-based choice?
What is reason-based choice?
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What are somatic markers?
What are somatic markers?
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What role does the orbitofrontal cortex play?
What role does the orbitofrontal cortex play?
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What happens to participants with orbitofrontal cortex damage?
What happens to participants with orbitofrontal cortex damage?
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When evaluating risks, people rely on?
When evaluating risks, people rely on?
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What is affective forecasting?
What is affective forecasting?
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Why do people overestimate 'regret avoidance'?
Why do people overestimate 'regret avoidance'?
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What can people usually predict about their reactions?
What can people usually predict about their reactions?
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Why do people overestimate how long valence feelings will last?
Why do people overestimate how long valence feelings will last?
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What is the paradox of choice?
What is the paradox of choice?
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What tendency do people have when jumping to conclusions?
What tendency do people have when jumping to conclusions?
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What happens when people see a non-random sequence of outcomes?
What happens when people see a non-random sequence of outcomes?
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What is the hot hand fallacy?
What is the hot hand fallacy?
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What explains the hot hand fallacy?
What explains the hot hand fallacy?
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What is the gambler fallacy?
What is the gambler fallacy?
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Provide an example of the gambler fallacy.
Provide an example of the gambler fallacy.
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Why do people conclude there are more words with 'K' in the first position?
Why do people conclude there are more words with 'K' in the first position?
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In terms of pain, what do people tend to neglect?
In terms of pain, what do people tend to neglect?
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What does prospect theory assume?
What does prospect theory assume?
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What explains how loss aversion affects decision-making?
What explains how loss aversion affects decision-making?
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How does classical utility theory differ from prospect theory?
How does classical utility theory differ from prospect theory?
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What distinguishes prospect theory from utility theory?
What distinguishes prospect theory from utility theory?
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What is loss aversion?
What is loss aversion?
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Study Notes
Heuristics and Judgement
- Heuristics are practical methods for problem-solving and learning that simplify decision-making.
- The availability heuristic relies on immediate examples to judge frequency, impacting judgments on events like shark attacks.
- Representativeness heuristics involve making probabilistic judgments based on how closely an instance resembles a known prototype.
Cognitive Biases
- Attribute substitution occurs when individuals use easily memorable information as a proxy for more complex information.
- Confirmation bias leads individuals to favor evidence that supports their beliefs while dismissing contradictory evidence.
- Belief perseverance occurs when individuals ignore disconfirming evidence that contradicts their established beliefs.
Evidence Evaluation
- Illusions of covariation occur when individuals perceive a relationship between two variables where none exists, often due to selective evidence consideration.
- Motivated reasoning reflects biased evaluation of evidence to align with personal views and prior assumptions.
Decision Making Processes
- Type 1 thinking is fast, intuitive, and emotional, while Type 2 thinking is deliberate, involving deeper analysis and reasoning.
- Base-rate neglect is common, where individuals disregard general probabilities in favor of specific information unless it's the sole data available.
Logical Reasoning
- Deduction involves deriving conclusions based on premises, maintaining beliefs that reflect reality; induction forecasts new cases based on observed data.
- Categorical syllogism is a logical argument format based on premises about categories, with validity determined by whether conclusions logically follow.
Emotional Influence
- Somatic markers involve bodily feelings tied to emotions that assist in decision-making, especially under uncertainty or risk.
- Affective forecasting concerns predicting one's emotional responses to future events, often inaccurately estimating the intensity and duration of those reactions.
Risk Perception
- Prospect theory explains that individuals weigh potential losses more heavily than equivalent gains, demonstrating loss aversion.
- Risk-seeking behavior typically arises when choices are framed in terms of losses, whereas framing in terms of gains leads to risk aversion.
Statistical Misconceptions
- Decisions are sometimes based on small sample sizes, leading to the hot hand phenomenon, which misinterprets random success as increased future performance.
- The gambler’s fallacy mistakenly assumes that previous outcomes affect future probabilities, showing misconceptions in understanding chance.
Utility and Value
- Utility maximization refers to making decisions that provide the highest perceived value or satisfaction.
- Classical utility theory and prospect theory differ fundamentally in how decisions are weighted and the perceived value of risk and reward.
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Description
Explore key concepts in judgement and reasoning with this set of flashcards. From heuristics to attribute substitution, test your understanding of essential terms used in psychological decision-making processes. Perfect for students looking to enhance their grasp of cognitive psychology.