18385874
Description
Flashcards by Ben Armstrong, updated more than 1 year ago
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Created by Ben Armstrong
almost 5 years ago
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| Question | Answer |
| Illusion of Control (Heuristics and Biases) | tendency for human beings to believe that they can control or at least influence outcomes which they demonstrably have no influence over |
| Overconfidence (Heuristics and Biases) | when a person has an overconfidence in their judgements, particularly when unsure |
| Anchoring & Adjustment (Heuristics and Biases) | Failure to adjust estimates sufficiently from an initial anchor - different starting points yield different estimates |
| Availability (Heuristics and Biases) | Images that are vivid, easily imagined, easily processed, or consistent with memory are seen more as reality |
| Representativeness (Heuristics and Biases) | We judge the likelihood of an event based on how closely it fits our expectations - is not based on underlying probability. |
| Confirmation Bias (Heuristics and Biases) | Nickerson (1998) one sided, case building process. deliberately selecting evidence that fits your hypothesis to shape facts. |
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