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Hindsight bias
when someone claims to have known the result all along after something happens
Hindsight Bias Example
A spectator claiming, “I knew they were going to win!” after the game was over.
An investor thinking, “I knew that stock was going to go up!” after the stock had already increased in value.
A person stating, “I knew that relationship wasn't going to work out!” after a couple breaks up.
Overconfidence
the tendency to overestimate the accuracy of your beliefs and judgments.
→ Often, we think we’re more correct than we actually are.
Overconfidence Example
Some people may think they have a great sense of direction even when visiting an unknown area.
Many people think they’re better drivers than they actually are.
Confirmation bias
The tendency to search for information that supports our view and ignore/distort the evidence that is contradictory.
Confirmation bias Example
a person believes that eating chocolate is healthy for them everyday—> will look for information that helps supports this and ignore all info that goes against this
Social Desirability bias
when someone give answers to questions that they believe will make them look good to others, concealing their true opinions or experiences.
-report more desirable attributes.
Social Desirability bias Examples
most people would deny that they drive after drinking alcohol because it reflects poorly on them and others would most likely disapprove.
downplay how often they visit casinos or use cocaine.
Critical Thinking
An intellectually disciplined process of actively and skillfully conceptualizing, analyzing, synthesizing, and/or evaluating information.
Critical Thinking Example
an ability to question
to acknowledge and test previously held assumptions
to recognize ambiguity
to examine, interpret, evaluate, reason, and reflect
to make informed judgments and decisions