Thinking and Decision Making

Question 1

Thinking

Answer 1

Process of using knowledge and information to make plans, interpret the world and make decisions

Question 2

Decision making

Answer 2

Process of identifying and choosing alternatives based on values and preferences

Question 3

Problem solving

Answer 3

Thinking directed toward solving problems by means of a set of mental strategies

Question 4

System 1

Answer 4

Automatic, intuitive and effortless way of thinking, efficient responses and processing of complex problems

Question 5

System 2

Answer 5

Slower, conscious, and rational mode of thinking, gradually eliminates possibilities based on sensory information

Question 6

Heuristics

Answer 6

Rule used to make decisions or form judgements, mental shortcuts that focus on one aspect of a problem

Question 7

Matching bias

Answer 7

Being overly influenced by wording or context of the question when faced with abstract problems