Problem Solving, Decision-Making, and Biases (6B)
Psych & Soc · Flashcards
PSYCH & SOC · FLASHCARDS
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QUESTION
What is a heuristic in problem solving?
QUESTION
What is the hindsight bias?
QUESTION
Identify the bias: a person revises an estimate toward an initial number they first saw.
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ANSWER
Anchoring bias. Initial values bias subsequent adjustments.
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