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Heuristics
cognitive “shortcuts” that:
are useful during of time/resource limitations
can lead to judgement biases
Anchoring & Adjustment
strategy for determining a reasonable adjustment by anchoring at the start point and adjusting up or down based on that initial guess
Representativeness
estimating a probable outcome based on how many features are typical within it
Conjunction Fallacy
two conditions can never be more probable than the probability of one alone
Availability
items that are easier to remember are also generalized to be more common
Solo Members Effect
distinctiveness improves memory
Sample Size
how many observations are made
frequently ignored how smaller sizes are more likely to deviate from the average
Base Rate
how often an event occurs in the general population
frequently misperceiving an uncommon thing instead of a common thing
False Positives
medically: a test saying positive when the event is not present
Inductive Reasoning
takes a small set of examples and infers what might be true about the group
Deductive Reasoning
takes general principles and determines what has to follow according to them
Logic
a formal system that gives us rules for determinging thuth of conclusions based on a set of premises
Premise
something we know / assume to be true
Conclusion
something we derive from the premises
Antecedent
the “if” part of a premise
Consequent
the “then” part of the premise
Affirming
deciding that the premise is true
Denying
deciding that the premise is false
Wason Selection Task
given a rule: test if provided stimuli follow the rule
Confirmation Bias
tendency to look for evidence that confirms our hypothesis rather than looking for faliifying evidence
Cheating Schema
“Checking logic” people more easily search for and detect those cheating the system
Reasoning
using the valueand the probability of various outcomes to weigh options and make decisions