Decision making & long term memory

What is the conjunction fallacy?

• People may not really understand percentages

• That we perceive stereotypes as being more frequent than fringe cases

• That we perceive members of a more specific group being more likely than a broader group

• That we perceive members of a broader group being more likely than a more specific group

What does the fast & frugal perspective have in common with the heuristic & biases perspective?

• They view heuristics as a error prone form of decision making.

• They view heuristics as an adaptive way to make quick decisions

• That they are a key component of system 2 decision making.

• Both agree that heuristics can be useful when dealing with common situations.

How does utility differ from expected value?

• Utility is a subjective weighting of choices

• Utility is an objective weighting of choices

• Utility is avoiding risky choices even when they may have a higher expected value

• Utility arises when irrelevant features of a situation affect decisions

Which of the following is not possible to explain using loss aversion?

• Framing effects

• Endowment effect

• Status quo bias

• Invariance

Which is not a type of implicit memory?

• Autobiographical episodic memory

• Habit learning

• Priming

• Procedural memory

How might you best test to see if a patient has retrograde amnesia?

• Ask questions about facts from their childhood

• Evaluate their performance on the mirror drawing task

• Test if they can learn to play the piano

• Ask questions about events shortly before the traumatic event.

Which two are not evidence to support that memory is a reconstructive process?

• Schemas

• Misinformation effect

• Training effects on mirror-drawing task

• Priming effects

Which memory subtype has been described as "mental time travel"?

• Semantic memory

• Episodic memory

• Priming

• Habit learning