32 notecards = 8 pages (4 cards per page)
1/ Which of the following scenarios best demonstrates the availability heuristic?
2/ When we reason, we use our knowledge about one or more related statements that we can reasonably believe are true to determine if another statement is true. What is this process called?
3/ How can the representativeness heuristic lead to errors in judgment?
4/ Anchoring and adjustment often impacts decisions because:
5/ Which of these can help mitigate decision biases?
6/ Which professionals are vulnerable to biases like overconfidence?
7/ The _______ heuristic could be described as the ability to update an initial impression based off of new information:
8/ Fallacy could be described as the mental shortcuts our brains take to operate on new information:
9/ Characteristics of the Information Age:
10/ Megan believes that taking vitamin C supplements prevents colds because whenever she takes them she seems to avoid getting sick. This best illustrates:
11/ Which of these methods would best combat the illusion of correlation?
12/ System 1 thinking can be influenced by the subconscious and Things we would otherwise be unaware of.
13/ A False Dilemma involves oversimplifying an issue and presenting a choice between two or more limited options without the recognition of other objects
14/ System 2 thinking is more natural, requiring less thought and more reflex:
15/ System 1 relies on more complex, well thought out and thorough solutions to solve a problem:
What is a heuristic?
a mental shortcut
Cubs or Cardinals?
When we jump to a conclusion about what a person driving a Tesla looks like, we are using what heuristic?
What is it called when it seems like you can only pick between option A or B but there are actually other choices?
False Dilemma fallacy
What are the two brain systems?
System 1 is automatic and System 2 is voluntary
What is a bias?
When a heuristic is wrong
How many advertisements do we see a day?
Up to 10,000
What is inference?
Using what we know to determine if another statement is true
What is critical thinking?
Using skills or strategies to increase the probability of an outcome
What bias are you using when you imagine yourself winning the lottery?
Bias of imaginability
Watching the Movie "Jaws" and going to the beach, you think a shark attack is going to happen. This is an example of:
A) Representative Heuristic
B) Avaliblity Heurstic
D) The Cubs being shit.
You hear rumors that the stock market is going down so you choose not to buy stocks because you think it's about to go down. This is an example of the Availability Heuristic.
True or False