Today's Session Quiz

What does the Availability Heuristic suggest about human judgment of events?

• People judge the probability of events based on statistical data.

• People judge the probability of events by the ease in which instances could be brought to mind.

• People judge the probability of events based on expert opinions.

• People judge the probability of events by historical occurrences.

Who are the psychologists associated with the concept of the Availability Heuristic?

• Freud and Jung

• Skinner and Watson

• Tversky and Kahneman

• Pavlov and Maslow

In what year was the concept of the Availability Heuristic introduced by Tversky and Kahneman?

• 1980

• 1973

• 1965

• 1990

What percentage of words in the English language have "n" as their penultimate (second from last) letter?

• 17%

• 24%

• 30%

• 12%

What does the term "Anchoring effect" refer to?

• The tendency to rely too heavily on the first piece of information offered when making decisions.

• The process of adjusting a numeric estimate away from a previously considered standard.

• The habit of ignoring numeric estimates when making decisions.

• The preference for numeric estimates that are presented last.

According to the anchoring effect, how does exposure to a previous numeric estimate affect a person's own estimate?

• It has no impact on the person's own estimate.

• It causes the person's estimate to be closer to the previous incorrect estimate.

• It encourages the person to seek additional information before estimating.

• It leads the person to always provide a higher estimate than the previous one.

What does the availability heuristic suggest about human judgment of probabilities?

• People judge the probability of events based on how easily examples come to mind.

• People rely on numerical data to judge probabilities.

• People judge probabilities based on peer influence.

• People use logical reasoning to estimate probabilities accurately.

What are anchoring effects in decision-making?

• They describe how people are influenced by specific numerical values.

• They refer to the tendency to rely on the first piece of information offered.

• They indicate how people stick to initial estimates even if they are incorrect.

• They are about ignoring previous standards when making decisions.

What is the purpose of applying developmental/social psychology concepts to real-world situations according to the text?

• To make final exam questions easier to answer

• To make final exam questions harder to google

• To confuse students

• To reduce the importance of real-world applications