chapter 1 Flashcards
Heuristics
Mental shortcuts to simplify decision-making processes.
Better Than Average Effect
Overestimating one’s skills compared to others.
Hindsight Bias
The sense that we “knew it all along” after we learn of an actual outcome
What You See is All There Is
Difficulty predicting outcomes based on immediate experiences.
Scientific Method
Systematic approach for investigating questions.
Objectivity
Avoiding personal biases in evaluating evidence.
Creativity
Innovative thinking in scientific inquiry.
Availability Heuristic
judging the likelihood of an event or situation occurring based on how easily we can think of similar or relevant instances
Representative Heuristic
deciding the likelihood of an event based on how much it resembles what we consider to be typical example of that event
Overconfidence Phenomenon
Excessive confidence in the correctness of our own judgments.
focusing effect
Emphasizing certain information while ignoring others.
introspection
Reflecting on our own thoughts and experiences for self-knowledge.
belief perseverance
Maintain beliefs despite contradictory factual information
law of small numbers
Extreme outcomes likely with small sample sizes.
basic research
Expanding knowledge to develop theories.