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Representative heuristics
Judging based on how much something resembles a typical case or category, often ignoring base rates
Availability heuristics
Judging the frequency of an event based on how easily examples come to mind, which can lead to overestimating rare event
Anchoring and Adjustment heuristics
Tendency to use several values as a starting point, & adjustments are made thereafter.
Mental schemas
Mental framework that helps organize information.
Attention (notice info), Encoding (store info), and Retrieval (recall info)
Processes of mental schemas
Perseverance effect
Tendency of beliefs & schemas to remain unchanged, even with contradictory information
Self-fulfilling
When expectations influence interactions, leading others to act in ways that confirm those expectations
Priming
Events increase availability in memory
Autonomic processing
Effortless, autonomic, non-conscious
Happened in amygdala
Controlled processing
Logical, systematic & effortful
Happened in prefrontal cortex
Optimistic Bias
Predisposition to expect things to turn out well overall.
Overconfidence Bias
Tendency to be more confident in accuracy of own judgments than is reasonable.
Planning Fallacy
Tendency to make optimistic predictions on how long a given task will take for completion.
Counterfactual thinking
Tendency to imagine other outcomes than actual ones that occurred.
Magical thinking
Involves assumptions that don’t hold up to rational scrutiny.