Heuristics - Answer- involving/serving as an aid to learning, discovery, or problems solving by experimental and especially trial and error methods. usually (but not always) a good way to make decisions about the world
Availability Heuristic - Answer- A mental shortcut for judging the likelihood...
ESB TEST 1 with complete solutions
Heuristics - Answer- involving/serving as an aid to learning, discovery, or problems
solving by experimental and especially trial and error methods. usually (but not always)
a good way to make decisions about the world
Availability Heuristic - Answer- A mental shortcut for judging the likelihood of an event
occurring based on how easily we can think of similar or relevant instances
Representativeness heuristic - Answer- A mental shortcut for deciding the likelihood of
an event based on how much it resembles what we consider to be a "typical" example
of that event
Better than average effect - Answer- The tendency to overestimate your skills, abilities,
and performance in comparison to those of others. Not mathematically possible
Overconfidence Phenomenon - Answer- Tendency to be overly confident in the
correctness of our own judgements
Hindsight Bias - Answer- The sense that we 'knew it all along' after we learn of an actual
outcome
Confirmation Bias - Answer- May result when we only look for evidence that confirms
what we already believe, thereby strengthening the original belief
Introspection - Answer- Reflecting on our own thoughts and experiences to find relevant
evidence
What You See is All There is Phenomenon - Answer- A failure to see the limitations of
our immediate experience, making it difficult to predict alternative outcomes; the inability
to predict alternative outcomes based on what we are seeing
Problem of Belief Perseverance - Answer- Continuing to believe what you want to
despite all contrary evidence, unwillingness to accept any new conclusions
Anecdotal Evidence - Answer- Derived from personal experience (yours or someone
else's)
Scientific Evidence - Answer- Derived from the use of the scientific method
Law of Small Numbers - Answer- Extreme outcomes are more likely when considering
only a small number of cases
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller millyphilip. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
