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Cultural Norms
shared rules and guidelines within a community that dictate appropriate and acceptable behavior in society
Confirmation Bias
the tendency to search for, interpret, and remember information that confirms ones preconceptions or point of view
dismissing information that challenges one’s beliefs
leads to polarized thinking
Cultural Expectations
anticipated roles and behavior individuals are expected to fulfill based on cultural norms
Hindsight Bias
“I-knew-it-all-along”
tendency to believe, after learning an outcome, that one would have foreseen it
tendency to think that new information is less surprising once you know it
our brains automatically draws connections between new information to previous knowledge
Cultural Circumstances
situations in which people find themselves in, often including socio-economic factors, historical events, and the person’s geographical location
Overconfidence
the tendency to overestimate one’s knowledge or one’s ability to perform a task successfully
more confident than correct (quick over correct thinking)
leads individuals to be unprepared
people who avoid overconfidence and rather gathers facts and balances clashing arguments are called super forecasters
Perceiving Order in Random Events
the tendency to find patterns in random data
people often view patterns or streaks unusual in random sequences, even if the probability of an outcomes remains the same
ex: repeating digits