Thinking process

Much of judgment and decision making is guided by heuristics—mental shortcuts that can help individuals reach solutions quickly.

• True

• False

Availability and representativeness heuristics allow for efficient judgments under uncertainty.

• True

• False

Problem space mainly have two components: the initial state and the operations.

• True

• False

Suppose you are asked to estimate whether Hollywood releases more comedies or horror flicks each year. To answer this question, you are most likely to use the ________ heuristic.

• representativeness

• availability

• anchoring

• fundamental attribution

When we discount or ignore information that conflicts with what we already believe, that is called the_________

• Base Rate Bias

• Hindsight Bias

• Confirmation Bias

• Placebo Effect

When making decisions, we sometimes overlook some key information, this is called ____________

• Sin of commission

• Sin of inprecision

• Sin of omission

• Sin of bias

Cognitive bias is________

• Errors in our thinking when trying to learn, interpret and process new information

• Completely avoidable if you pick the right sources

• Something others have but you don't

• A tool we use to make sure we are always thinking correctly about new information

What is a good way to combat availability bias?

• Reading information that disproves what you believe

• Digging into statistics about the frequency a topic or event happens

• Understanding why you believe something to be true

A step-by-step procedure that always provides the right answer for a particular type of problem.

Creativity is the ability to generate ideas or products that are both _____ and _______ to the circumstances.

• Novel

• Noble

• Appropriate

• abundant