Cognitive Biases & Heuristics 1

These are mental shortcuts, or rules, that people may use for decision-making or thinking (especially when they are in a hurry)

• Illusory Correlations

• Cognitive Biases

• Heuristics

• Bias

Heuristics are always a bad thing

• True

• False

Everyone exhibits cognitive biases

• True

• False

The cognitive tendency for people to only focus on one or only a few stimuli and ignore the rest is called

• Heuristic

• Selective Attention

• Attribution

• Bias

a systematic pattern of deviation from norm or rationality in judgment - thus, individuals create their own "subjective reality" from their perception of the input.

• Perceptual Reality

• Illusory Correlation

• Heuristic

• Cognitive Bias

This is the type of decision-model that assumes we are rational, unemotional, and consider all information deeply.

• Normative Model

• Descriptive Model

This is the type of decison-making model that attempts to describe what actually goes on with human thinking when it happens

• Normative Model

• Descriptive Model

Kahneman's "system 1" thinking is...

• Analytical, logical, rule based and conscious. It is slow and deliberate. Often, many options or possibilities are considered.

• Fast, instinctive, relatively unconscious, and mostly automatic thinking that can sometimes be guided by emotion.

Kahnemans "system 2" thinking allows us to

• Overide faulty "system 1" thinking

• Is faster than system one thinking

• is less complex than "system 1" thinking

Intuitive thinking is associated with cognitive biases.

• True

• False