Biases Flashcards

1
Q

Individuals are biased in their assessments of the frequency of events based on how their __________ structures affect the search process

A

memory

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2
Q

Individuals frequently fail to appreciate the role of sample __________ in assessing the reliability of sample information.

A

Size

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3
Q

Individuals exhibit a bias toward ___________ the probability of conjunctive events and __________ the probability of disjunctive events.

A

overestimating, understating

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4
Q

Decision makers will forego the _________ solution in favor of the one that is acceptable or reasonable.

A

best

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5
Q

Individuals judge events that are more easily __________ from memory, based on vividness or most recently, to be more numerous than events of equal frequency whose instances are less easily ______________

A

Recalled, recalled

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6
Q

Individuals tend to __________ the probability of two events co-occuring based on the number of similar associations that are easily recalled, whether from experience or social influence.

A

overestimate

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7
Q

Decision makers search until they find a solution that meets a certain level of performance - they _________

A

satisfice

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8
Q

individuals tend to ignore the fact that extreme events tend to regress to the _________ on subsequent trials.

A

Mean

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9
Q

Individuals tend to __________ base rates in assessing the likelihood of events when any other descriptive information is provided - even if it is irrelevant

A

ignore

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10
Q

Individuals tend to ________ supportive information confirming what they think is true and _________ the search for opposing evidence.

A

Seek, neglect

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11
Q

Individuals falsely judge that _________ are more probable than a more global set of occurrences of which the _________ is a subset

A

conjunctions, conjunciton

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12
Q

Individuals make estimates for values based upon an initial value and typically make __________ adjustments from that anchor when establishing a final value.

A

Insufficient

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13
Q

After finding out whether or not an event occurred, individuals tend to ___________ the degree to which they would have predicted the correct outcome. furthermore individuals fail to __________ information they possess that others do not when predicting other’s behavior.

A

overestimate, ignore

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14
Q

Individuals expect that a sequence of data generated by a random process will look “random” even when the sequence is too __________ for those expectations to be statistically valid.

A

short

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15
Q

Individuals tend to be __________ of the infallibility of their judgement when answering moderately to extremely difficult questions.

A

overconfident

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