Heuristic - Study guides, Class notes & Summaries

Limits of the Rational Analysis Model Ans: - Bounded by uncertainty and ambiguity - Bounded by imperfections of the mind One Heuristic: Anchoring & Adjustment Ans: - People fixate on an initial anchor and then adjust from it How Anchors Bias Decision Making Ans: - Estimates made in the presence of an anchor are too close to that anchor (adjustments are often insufficient - we typically consider reasons why the anchor is reasonable, consider consistent information - Effects are beyond ...

FSU SOP 3004 Exam 1 Latest Update Graded A+ 3 Principles of Evolutionary Perspective 1) Variation (random) 2) Heritability (must be able to be passed on) 3) Differential survival & reproductive success 3 Types of Feelings 1) Attitudes 2) Emotions 3) Moods Adaptation Ex: Innate Fears children and dogs fear snakes Adaptations - characteristics that are well suited for a particular environment - there are universal patterns, but some things are byproducts Affordances opportun...

Heuristic - ANSWER Learns by acting, uses trial and error, values experiences, relies on common sense, seeks satisfying solutions Analytic - ANSWER Learns by analyzing, uses step by step procedure, values quantitative and models, builds mathematical models, seeks optimal solution Data extraction - ANSWER Extract data from primary/secondary source Data transformation - ANSWER Transform/clean data into proper format or structure for the purpose of querying and analysis

MGT 300 ASU Neck Exam 2 with Certified Solutions Anchoring and adjustment heuristic a process whereby people base their decisions on the first piece of information they are given without taking other possibilities into account Availability heuristic a rule of thumb for making judgements on examples and events that immediately spring to mind Bounded rationality the idea that we are restricted by a variety of constraints when making decisions Common-information bias the inclinati...

PSYC 349 Midterm Exam | Questions and Answers (Complete Solutions) Studies of "affective forecasting" as conducted by Wilson and Gilbert in 2003, required participants to predict their future: A) school performance B) emotions C) thoughts D) family situation Identify a characteristic of collectivist cultures A) collectivist cultures disapprove of conformity B) identity is social and defined by connections with others C) the illustrative motto is "to thine own self be true" d) coll...

1.Bonferroni Test: When planned? Df used? α used? Which/how many contrasts allowed? What test statistic is used to find the critical value? - a.A priori b.Df = 1 c.αβ= αc d.Any and all contrasts allowed e.F 1.Define a 2-way interaction - a.The effect of one IV(A) on the DV varies across levels of another IV (B) 1.Define Carryover effects - a.The effects of earlier trials on the DV scores obtained in later trials 1.Define Experiment-Wise Type 1 Error Rate (αEW) - a.=the probability ...

Social Psychology (EPPP) Latest Update with Verified Solutions Primacy Effect - our impressions are usually swayed the most by information received early in an interaction False Consensus Bias - overestimation of the degree to which the beliefs and opinions of others are similar to our own Factors that Affect Impression Formation: Central Traits - certain descriptions (e.g., a warm vs. cold person) influence impressions more than others because they provide unique information and...

SOP 3004 - Exam 1 Latest Update Already Passed 3 principles of natural selection and sexual selection variation, heritability, differential survival/reproductive success 3 types of feelings attitudes, emotions, and moods 4 core processes of social cognition attention, interpretation, judgement, memory 4 goals of social cognition - to be flexible - to conserve mental effort (be efficient) - to think well of oneself - to be accurate 5 fundamental social motives - to establish...

Finance API 141: Behavioral Finance: Implications for Financial Management Multiple Choice Questions 1. Amy isthe chief financial officer of a retail toy store. Recently,she decided that the firm should expand its operations and open two additional stores. Within a very brief period, it was obvious that Amy had made a very bad decision in opening those stores, given that the economy is in the middle of a severe recession. In reflecting back on her decision, Amy realizes that she made a b...

DTI - Shows movement of water in the brain. A connectional scan. fMRI - Scans blood flow in the brain. Shows which parts of the brain are active during a task. High spatial resolution and poor temporal resolution. PET - A type of tracer scan. Shows how organs are functioning. Connectional with a high spatial resolution and low temporal resolution EEG - Detects electrical activity in the brain. High temporal acuity and low spatial. Also correlational. MEG - Uses sensors to detect magnetic ...