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Judgement and Reasoning (Decision Making (Cost v Benefit (Utility…

- - - - Use easily found knowledge as substitute
      - Availability Heurisitic
        
        Think of something easily -> common
        
        Bias to easily available
        
        eg lottery tickets, see winners
      - Representativeness Heurisitic
        
        Relies on resemblance to previous concepts
        
        Assume similar true causes bias
        
        E.g. overdue for heads
        
        "man who" argument
      - Heurisitics
        
        Efficient strategies, usually right answer
- - - - Responsive to confirming evidence
      - Ignore challenges to belief
- - - - Environments with useful cues
      - Time to observe cues
      - Feedback on mistakes
      - Can happen to non experts
- - - - Feedback on performance carries even when told false
      - Seek memories that align with hypothesis
- - - - (gut feelings)
    - - Predict own emotions - often wrong
      - Can predict pos vs neg, overestimate significance