Judgment, Decision Making, and Drive States

Flashcards covering key concepts related to judgment, decision making, and drive states.

Bounded Rationality

The concept that humans aim to make rational decisions but are limited by cognitive limitations and the volume of information they can process.

Bias

Systematic and predictable mistakes that influence judgment and deviate it from rationality.

Heuristics

Mental shortcuts that simplify complex decision-making processes.

Overconfidence

The tendency to have greater confidence in one's judgment than is warranted based on rational assessment.

Anchoring

The bias to be influenced by an initial reference point, even when it is arbitrary, and to not adequately adjust judgments away from that anchor.

Framing

The bias that occurs when the way information is presented affects decision-making, while holding the objective information constant.

Homeostasis

The process of maintaining a stable internal state across all physiological systems.

Drive State

Affective experiences that motivate organisms to fulfill goals beneficial to survival and reproduction, such as hunger and thirst.

Satiation

The state of being satisfied to the extent that one no longer feels hunger or desire to eat.

Reward Value

A measure of an outcome's affective importance to an organism, sensitive to the level of hunger experienced.

Emotional Coherence

The degree to which emotional responses converge with one another, influencing wellbeing.

Mixed Emotions

The experience of multiple emotions simultaneously, which can impact overall wellbeing.

Self-Interest

The systematic and predictable ways in which individuals care about the outcomes of others.

Bounded Ethicality

The limitations in our ethical behavior that we may not be consciously aware of.