L2: Making Judgements

Flashcards based on cognitive psychology concepts surrounding heuristics, biases, and judgment making.

Kahneman and Tversky argue that we have two separate systems in our minds: System 1 uses __ to quickly produce an intuitive answer.

heuristics

The __ is a systematic error in judgment relative to some normative standard, for example probability theory.

bias

In the context of the Linda Problem, many people believe that Linda is a __ bank teller is more likely than just being a bank teller.

feminist

The __ Fallacy is the belief that after a streak of events, the opposite outcome becomes more likely.

Gambler's

The __ Heuristic judges whether someone belongs to a category by considering how similar they are to a stereotypical member of that category.

Representativeness

Availability influences belief that people recall events based on __ of instances that come to mind easily.

ease

We often ignore base rate information due to __, which distorts our judgments.

base rate neglect

The __ is a shortcut rule of thumb used for making judgments that can lead to biases.

heuristic

In the Taxi Cab Problem, witness accuracy was tested and proved to be __ in identifying cab colors under low visibility conditions.

80% correct

Bayes Theorem helps to calculate the probability of an event based on prior knowledge and __ information.

new