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9 Cards in this Set
- Front
- Back
Availability heuristic |
A mental shortcut strategy for judging the likelihood of an event or situation occurring based on how easily we can think of similar or relevant instances |
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Representativeness heuristic |
A mental shortcut strategy for determining the likelihood of an event by how much it resembles what we consider to be a “typical” example of that event |
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Better-than-average effect |
The tendency to overestimate our skills, abilities, and performance when comparing ourselves to others |
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Overconfidence phenomenon |
The tendency to be overly confident in the correctness of our own judgements |
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Hindsight bias |
A sense that we “knew it all along” after we learn the actual outcome |
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Confirmation bias |
A bias in which we only look for evidence that confirms what we already believe, thereby strengthening the original belief |
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Focusing effect |
A bias in which we emphasize some pieces of information while undervaluing other pieces |
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Introspection |
Reflecting on our own thoughts and experiences to find relevant evidence |
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“What you see is all there is” phenomenon |
A failure to see the limitations of our immediate experience, making it difficult to predict alternative outcomes |