chapter 13 judgement and decisions Flashcards

(28 cards)

1
Q

inductive reasoning

A

the process of drawing general conclusions based on specific observations and evidence

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2
Q

factors that contribute to inductive arguments

A

1 representativeness of observations, 2 number of observations 3 quality of the evidence

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3
Q

availability heuristic

A

events that are more easily come to mind are judged as being more probable than events that are less easily recalled

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4
Q

illusory correlations

A

a relationship between two events appears to exist but reality there is no relationship at all

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5
Q

stereotypes

A

an oversimplified generalization about a group or class of people that often focuses on the negative

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6
Q

representativeness heuristic

A

likelihood that an instance is a member of a larger category depends on how well that instance resembles properties we typically associate with that category

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7
Q

conjunction rule

A

the probability of the conjunction of two events cannot be higher than the probability of the single constituents

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8
Q

Myside bias

A

people generate and test hypotheses in a way that is biased toward their own opinions and attitudes

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9
Q

confirmation bias

A

people look for info to conform to their hypothesis and ignore info that refutes it

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10
Q

potential sources of errors in judgements

A
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11
Q

backfire effect

A

A person’s support for a particular viewpoint becomes stoner when presented with facts opposing their viewpoint

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12
Q

deductive reasoning

A

determination of whether a conclusion logically follows from statements

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13
Q

difference between deductive and inductive reasoning

A

Inductive starts with specific cases and generalizes to broad statements. deductive starts with a broad principle and to make logical statements about a specific statement or instance

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14
Q

validity

A

quality of syllogism whose conclusions follow from its premise

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15
Q

belief bias

A

tendency to think a syllogism is valid if its conclusion is believable or that it is invalid if the conclusion is not believable

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16
Q

mental model approach

A

in deductive reasoning determining if syllogisms are valid by creating mental models of situations based on the premises of the syllogism

17
Q

conditional syllogisms

A

have two premises and a conclusion like categorical syllogism but the first premise has the form if…then

18
Q

wason four card problem

A

a conditional reasoning task that involves four cards. used to determine the outcomes of conditional reasoning tasks.

19
Q

falsification principle

A

to test a rule it is necessary to look for situations that would falsify the rule

19
Q

expected utility theory

A

based the idea that people are basically rational

20
Q

expected emotions

A

emotions people expect they will feel after a desired outcome is reached

21
Q

risk aversion

A

tendency of avoiding taking risks.

22
Q

incidental emotions

A

are emotions that are not caused by having to make a decision

23
Q

difference between opt in or opt out

A

opt in you have to actively do something to get what you want, opt out you are subscribed to something unless you decide not to be enrolled in it.

24
status quo bias
the tendency to do nothing when faced with making a decision
25
risk aversion strategy
a decision making strategy that is governed by the idea of avoiding risk
26
risk taking strategy
a decision making strategy governed by the idea of taking risks
27
dual system approach
idea that we have two mental states a fast automatic intuitive system and a slower more deliberative thoughtful system called system 2