Bias in Thinking and Decision-Making SAQ

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13 Terms

1
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What is thinking and decision making?

A cognitive process used to analyze situations, solve problems, and make choices.

2
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What is the Dual Process Model?

A theory by Tversky and Kahneman proposing that two systems—System 1 and System 2—govern thinking and decision making.

3
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What is System 1 thinking?

Fast, automatic, intuitive, and unconscious thinking that uses little effort but is more prone to bias due to reliance on heuristics.

4
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What is a heuristic?

A mental shortcut or rule of thumb that simplifies decision making but can lead to biases.

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What is System 2 thinking?

Slower, more analytical and deliberate thinking that requires effort and attention—less prone to bias.

6
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What is anchoring bias?

A cognitive bias where individuals rely too heavily on the first piece of information (the "anchor") when making decisions or estimates.

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What was the aim of Strack & Mussweiler’s study?

To investigate how anchoring bias influences estimates—in this case, guesses about Gandhi's age at death.

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Who were the participants?

German university students.

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What was the procedure of the study?

  • Two groups were given different anchor questions:

    • Group 1: Was Gandhi older or younger than 9 when he died?

    • Group 2: Was Gandhi older or younger than 120 when he died?

  • Then all were asked to estimate Gandhi’s actual age at death.

10
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What were the results of the study?

  • High anchor group (120): Average estimate = 67 years

  • Low anchor group (9): Average estimate = 50 years
    → Shows that the initial anchor significantly influenced final estimates.

11
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What does this study reveal about human behavior?

People are influenced by initial information (the anchor), even when it is clearly unrealistic.

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How does this relate to the Dual Process Model?

It shows that participants relied on System 1 (quick, intuitive thinking), using the anchor as a heuristic, instead of switching to System 2 to critically assess the information.

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What does this suggest about thinking and decision-making in everyday life?

Biases like anchoring can distort judgment, especially when decisions are made quickly without critical evaluation.