Module 35

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Algorithm

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Description and Tags

11 Terms

1

Algorithm

A methodical, logical rule or procedure that guarantees solving a particular problem (contrasts with faster but more error prone use of heuristics)

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2

Heuristic

a simple thinking strategy that often allows us to make judgments and solve problems efficiently (usually speedier but also more error-prone than algorithms)

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3

insight

a sudden realization of a problem's solution (contrasts with strategy-based solutions)

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4

confirmation bias

a tendency to search for information that supports our preconceptions and to ignore or distort contradictory evidence

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5

mental set

a tendency to approach a problem in one particular way, often a way that has been successful in the past

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6

intuition

an effortless, immediate, automatic feeling or thought, as contrasted with explicit, conscious reasoning

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7

Representatativeness heuristic

estimating the likelihood of events in terms of how well they seem to represent, or match, particular prototypes (may lead us to ignore other relevant information)

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8

availability heuristic

estimating the likelihood of events based on their availability in memory. if instances come readily to mind (perhaps because of their vividness), we presume such events are common

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9

Overconfidence

the tendency to be more confident than correct or to overestimate the accuracy of our beliefs and judgments

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10

belief perseverance

clinging to one's initial conceptions after the basis on which they were formed has been discredited

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11

Framing

the way an issue is posed or how an issue is framed can significantly affect decisions and judgments

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