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Week 6

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Question
Answer
show Person has to assess info and choose the outcome  
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Type 1 thinking   show
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Type 2 thinking   show
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Influence of emotion in decision making   show
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Somatic marker hypothesis   show
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show Not caused by having to make decisions but general dispositions  
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show Having to make this decision causes these emotions.  
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Sadder-but-wiser hypothesis   show
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show Sadness increases impatience and creates a myopic focus on obtaining money immediately instead of later  
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What is the finding about depression & decision making?   show
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Expected emotions & prospect theory   show
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Framing effect   show
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Status quo bias   show
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show Having more choice leads to less purchasing & less satisfaction  
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Influence of prior experience on decision making   show
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Availability heuristic   show
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show Familiarity, Recency, Large number of errors, Illusory correlations  
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Illusory correation   show
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Recognition heuristic   show
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Representativeness heuristic   show
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back fire effect   show
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conjunction rule   show
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show a person uses a specific target number or value as starting point (anchor) and adjusts that information until an acceptable value is reached over time. We  
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show the larger the n, the more representative of the population  
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Hindsight bias   show
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show Tendency for people to generate and evaluate evidence and test their hypotheses in a way that is biased toward their own opinions and attitudes. Is an example of a confirmation bias.  
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onfirmation bias   show
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Base rate   show
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show Satisficers & maximizers  
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Satisficers   show
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Maximizers   show
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show A specific situation is represented in a person's mind that can be used to help determine the validity of syllogisms in deductive reasoning.  
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Wason-four card problem   show
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Falsification principle   show
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Somatic marker hypothesis   show
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show Assumes that people are basically rational.  
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Belief bias   show
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show Determine whether a conclusion logically follows statements called premises.  
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show Going from more general to more specific reasoning  
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show A form of deductive reasoning that consists of two premises followed by a conclusion.  
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Categorical syllogism   show
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3 steps in the mental model of reasoning   show
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show ''If...then'' syllogism  
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show People are better at judging validity of syllogisms when real-world examples are used instead of abstract symbols.  
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show We can trace many properties of our minds to the evolutionary principles of natural selection  
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Social exchange theory   show
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Inductive reasoning   show
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show Goes from specific observations to broader generalizations. Basis for most scientific reasoning.  
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Factors contributing to strength of an inductive argument (3)   show
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