Psychology of Decision-Making - Rationality L1

These flashcards cover key concepts from the lecture on the psychology of decision-making, focusing on rationality, ethical frameworks, and the processes involved in making decisions.

Decision-making process

The process through which individuals identify, assess, and choose among alternative resolutions.

Rationality

The quality of being based on or in accordance with reason or logic.

Deontological Ethics

An ethical theory that suggests actions are morally right if they are in accordance with a moral rule or principle.

Virtue Ethics

An ethical theory that suggests that the moral character of an individual is the basis for ethical behavior.

Uncertainty

A situation where a decision-maker lacks complete knowledge about the potential outcomes of a decision.

Framing

The way in which a decision is presented or constructed, which can significantly influence the decision-making process.

Judgmental Phase

The stage in decision-making where alternatives are evaluated in terms of their probabilities, costs, benefits, and worth.

Categorical Imperative

Kant's principle that actions are morally right if they can be universalized; that is, if you can will that everyone would act in the same way.

Utilitarianism

An ethical theory that holds that an action is right if it promotes the greatest happiness for the greatest number of people.

Aversive emotional state

A negative emotional state associated with feelings of discomfort, such as guilt, shame, or anxiety.