Module 3: Judgement, Decision-making & Cognitive Bias in a post-truth world Flashcards
What is judgement?
The ability to make considered decisions or come to sensible outcomes
The ability to combine personal qualitities with relevant knowledge and experience to form opinions and make decisions
True or False: Judgement is the core of exemplary leadership
True
What factors can influence judgement?
Past experiences
Personal qualities
Emotions
Peers/Group think
Deductive reasoning and logic
Cognitive bias
Name the basic componenet of good judgement:
Listen attentively, read critically
Learning
Name the basic componenet of good judgement:
Seek diversity, not validation
Trust
Name the basic componenet of good judgement:
Make it relevant but not narrow
Experience
Name the basic componenet of good judgement:
Identify and then challenge Biases
Detachment
Name the basic componenet of good judgement:
Question the solution set offered
Options
Name the basic componenet of good judgement:
Factor in the feasability of execution
Delivery
Name the 6 basic components of good judgement
Learning, trust, experience, detachment, options, delivery
Name the cognitive bias:
The tendency to rely too heavily on the very first piece of information you learn
Anchoring Bias
Name the cognitive bias:
Tendency to pay attention to some things while simultaneously ignoring others
Attentional Bias
Name the cognitive bias:
Placing greater value on information that comes to your mind quickly
Availability Heuristic (The recency effect)
What is cognitive bias?
A systematic error in thinking that occurs when people are processing and interpreting information in the world around them, and affects the decisions and judgements they make
True or False: Cognitive bias ususally occurs on a conscious level
False
What can affect to what extent and what type of cognitve bias we are affected by?
Views, beliefs, suceptibility
Name the cognitive bias:
Favouring information that conforms to your existing beliefs, discounting evidence that does not conform
Confirmation Bias
Name the cognitive bias:
Tendency to over-estimate how much other people agree with you
False Consensus Effect
Name the cognitive bias:
Tendency for post-event information to interfere with memory of original event
Misinformation Effect
True or false: Cognifitve bias operate via an automatic process
True
True or false: Cogntive bias decreases mental efficiency
False
True or false: Cognitve bias can lead to poor decision-making and flase judgements
True