11. Reasoning, Judgment, and Choice Flashcards
SYLLOGISM
words that are capitalized are subsections in this chapter
A logical argument that consists of two premises and a conclusion. Each premise describes a relationship between two categories.
Universal Premise
Can this be inverted?
A premise that applies to all in a category.
“All cows eat grass”.
Can’t be inverted. “All grass is eaten by cows” is not necessarily true.
Particular Premise
Can this be inverted?
A premise that applies to the logical “some”.
The logical “some” simply means “greater than zero”
Sometimes. Because of the “some” operator, this argument can be interpreted in three different ways.
Affirmative Premise
A premise that states something has a property. This can be thought of as a substate for Universal and Particular premises.
Negative Premise.
A premise that states something doesn’t have a property.
Heuristic
A mental rule of thumb that saves energy. It often yields the right answer. Not always. Sometimes it misleads us.
Bias
A tendency to see a situation a certain way.
INTUITIVE STATISTICS (We saw eight!)
The collection of heuristics and biases that we use to make sense of our world. They work sometimes, but they’re super flawed.
The law of large numbers
An actual statistical concept! The larger our sample, the closer it approaches the true value.
The law of averages
Should be called the fallacy of averages, in my opinion. Our tendency to believe that if our samples aren’t behaving the way we expect them to, the likelihood that they’ll come around is increasing.
The law of small numbers
DAMMIT KAHNEMAN AND TVERSKY! THESE ARE FALLACIES.
The mistaken belief that a small sample should reflect the entire population.
For example, if McGil is 50% male and 50% female, and we selected 30 people randomly, we expect 15 of them to be male. In reality, we can’t say anything about the distribution.
Representativeness heuristic
A heuristic where we assume that small samples resemble each other and the population from which they are drawn.
I guess this is often the case, but sometimes it’s not.
Adjustment and Anchoring
A phenomenon, where people’s judgments of magnitude are biased based on the initial value they see.
If you want people to give you money, make sure to hit them hard first! And then give them an easy way out.
Availability Heuristic
The belief that the more easily you can think of examples of something, the more frequently the event occurs.
Like dad and his belief that we’re always on the computer.
Illusory Correlation
The mistaken belief that events go together when in fact they don’t.