Psychology (week4)

Question 1

What are the two decision making processes that run in parallel?

Answer 1

Fast Thinking (System 1) and Slow Thinking (System 2)

Question 2

Fast Thinking (System 1)

Answer 2

Unconscious, automatic, low effort, rapid, holistic, perceptual, associative, context-specific, pragmatic, parallel, stereotypical, independent of intelligence

Question 3

Slow Thinking (System 2)

Answer 3

Conscious, controlled, high effort, slow, analytic, reflective, rule-based, abstract, logical, sequential, egalitarian, linked to intelligence

Question 4

What are some examples of fast thinking (System 1) tasks?

Answer 4

Detecting distance, orienting to sudden sound, completing phrases, making facial expressions, detecting hostility, driving on an empty road, reaching for a favorite brand, etc.

Question 5

What are some examples of slow thinking (System 2) tasks?

Answer 5

Focusing attention, filling out complex forms, checking argument validity, looking for a particular brand, telling someone your phone number, etc.

Question 6

Cognitive Biases

Answer 6

Mental shortcuts or patterns of thinking that can lead to irrational or biased decision-making

Question 7

Stereotypical Bias

Answer 7

Relying on stereotypes instead of considering individuals

Question 8

Confirmation Bias

Answer 8

Remembering information that confirms existing beliefs

Question 9

Post-Purchase Rationalization

Answer 9

Emotionally driven purchases justified with logic

Question 10

Authority Bias

Answer 10

Tendency to obey someone in authority