Human behaviour Flashcards
Conservatism Bias
Tendency to rely on old information instead of considering new information.
Confirmation Bias
Looking for information that confirms reinforces preconceptions. Avoids - avoiding needing to make new decisions.
Hindsight bias
Belief that past everts were more predictable than they actually were. Gives the demonstrate their ability to make correct decisions.
Illusion of control
We can’t control everything we are at the mercy of many random natural forces.
Loss aversion bias
The tendency to be losses has more painful than equivalent gains.
Regret aversion bias
People always making decisions to avoid regret. The brain looks for ways to minimize feelings of regret for making the wrong decision.
Status quo bias
Would rather things stay the same than change.
Endowment bias
Placing a higher volume on some thing, you are rather than an objective market value.
Overconfidence bias
The most common of emotional biases.  Over estimation over placement and over precision.
Self-serving bias
Attributing positive events to internal or factors under one’s control that really aren’t.
Affinity bias
People prefer things that are similar to them. Comfort in the familiar. Call associated with herd mentality, and wanting to be part of the majority and not separate themselves from the normal.
ESI
Emotional and social intelligence. The four domains are: self-awareness, self regulation, social awareness, and relationship management.
5 categories of skills that comprise social intelligence
Situational awareness, presence, authenticity, clarity and empathy.
What is self-awareness
Self-awareness involves identifying your emotions and recognizing your impact on your behaviour and on those around you.
What is self regulation?
Self-regulation concentrates on managing your emotions, including controlling and redirecting emotions towards productive outcomes.
What is social awareness?
Social awareness focusses on how aware you are of others, feelings, and social environment that affects your relationships.
What is relationship management?
Relationship management, details, how you use knowledge, skills and experience to interact with others.
What is empathy?
The action of understanding, being aware of, being sensitive to, and vicariously experiencing the feelings, thoughts, and experiences of another, either the past or the present without having the feelings.
What are the three types of empathy?
Cognitive, emotional and compassionate empathy
What is cognitive empathy?
Ability to Know how another person feels, and what they might be thinking