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- 1. Multiple Choice
______________ are shortcuts and incomplete simplified strategies that we use.
Algorithms
Heuristics
Confirmation Bias
Prospect Theory
- 2. Multiple Choice
Using heuristics leads to _________________ ______________.
Normative models
Independent sysytems
Cognitive Biases
Descriptive models
- 3. Multiple Choice
______________ _______________ differentiated between 2 independent systems, system 1 and system 2.
Huber, Payne, and Puto
Daniel Kahneman
Amos Tversky
Wason
- 4. Multiple Choice
System __________ thinking is fast, instinctive, emotional, automatic and relatively unconscious.
2
1
3
4
- 5. Multiple Choice
System ______ thinking is slower, more analytical, logical, rule-based and conscious.
3
4
1
2
- 6. Multiple Choice
The ____________ __________ happens when we are more willing to take risks to avoid losses and have a tendency to avoid risk associated with gains.
Expected Utility Theory
Framing Effect
Asymmetrically Dominated Decoy
Confirmation Bias
- 7. Multiple Choice
______________ _________ is the tendency to seek out information that confirms pre-existing beliefs.
Framing Effect
Confirmation Bias
Selective Attention
Congruence Bias
- 8. Multiple Choice
An _______________ _____________ is a belief that 2 phenomena are connected when in fact they are not.
Illusory Correlation
Confirmation Bias
Congruence Bias
Framing Effect
- 9. Multiple Choice
_______________ _______________ __________________ are sets of beliefs that you have about the behavior of others; you predict their behavior on the basis of those beliefs.
Expected Utility Theory
Implicit Personality Theories
Explicit Personality Theories
Prospect Theory
- 10. Multiple Choice
Leon Festinger created the theory of _________________ ____________________, which is the tendency to avoid the mental stress of holding inconsistent beliefs.
Cognitive Dissonance
Expected Utility
Prospect Utility
Framing effect
- 11. Multiple Choice
Which system in the dual processing model is often used when we fall prey to cognitive biases.
2
1
3
4
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