Cognitive Biases
A systemic thinking occurs when people interpret information around them that impacts decision-making.
What is a cognitive bias?
How the human mind learns and knows things, and why humans behave the way they do
What is the cognitive approach?
Determining the power of anchoring bias
What is the aim?
Determining the effect of a prosecutor's suggestion for sentencing on a judge's decision making.
What is the aim?
Response bias, peak-end rule, framing effect
What are examples of cognitive biases?
When two variables have an association but no cause and effect relationship can be established.
What is correlation does not mean causation?
High school students were split into an ascending condition (1x2x3...x8) or descending (8x...3x2x1) and were then asked to estimate it's value
What is the procedure?
19 young trial judges
What is the sample?
An experiment with participants randomly assigned to a condition involving manipulation of the independent variable.
What is an independent samples design?
A measure of how well the experiment can be applied to the real world
What is ecological validity?
The ascending condition had a median estimate of about 512, the descending condition had a median of 2250, with an actual value of 40320. Results show...
What is the role that a high or low anchor can play on a participant's value estimate?
Limitation of a small sample size
What is that it's difficult to generalize findings to larger population?
An "intuitive" way of thinking
What is System 1 processing?
The tendency to rely on the first piece of information when making a decision
What is anchoring bias?
Why does this study have low ecological validity?
What is the study was highly artificial and not easily applicable to the real world?
Limitation of independent samples design
What is that it allows for participant variability between conditions which can act as a confounding variable?