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a systematic and comprehensive process of making ob-
Critical thinking jective, unbiased assessment of facts when preforming a
judgment
Admitting mistakes or errors in judgment. Altering opin-
Intellectual humility
ions in light of evidence
Confidence in reason Most weight placed into evidence and hard fact
Exploring new topics, learning new things, and gaining
Intellectual curiosity
knowledge in any form
Willingness to question authority and challenge conven-
Intellectual independence tional wisdom and honestly examine opinions in which
they disagree
-Fast thinking based on pattern recognition
Intuition
-No explanation or reason
Knowledge or skill that comes from having done certain
Experience
things.
the power or right to give orders, make decisions, and
Authority
enforce obedience.
-Accumulation of reliable and evidence-based
-Systematic process of drawing conclusions
Science
-observation and experiment
-time consuming but least error-prone
-Over estimation of one's actual ability to perform a task
Over Confidence Bias successfully
-Mother of all Bias/ strongest effect on behavior
-Tendency to search for information that aligns with what
Confirmation Bias we already believe
-Aka Republicans watching fox news
Availability Heuristic
1/6
, COB 202 Exam 1 Ross
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-Tendency to form opinions based on commonness
-Events that trigger strong emotions are easier to remem-
ber
-shark attack, plane crash
-Tendency to form judgment about quantitative value by
Anchoring Effect giving excess weight to starting value
-Aka kohls or salary
-Think or act a certain way because others do
Band Wagon Effect -Conventional wisdom can be wrong and is also influ-
enced by bias
-Herbert Simon observed that the assumption of rational-
ity (not as rational as we think)
Bounded rationality
-Caused by restriction in time, resources, & memories
-What do labels really mean Cage Free, Free Range
-Assuming properties of a group apply to an individual
Ecological fallacy
-Correlation does not = causation
-X and Y are related
Criteria for causality Other potential causes are ruled out
X comes before y
-Science can never prove "Why"
-Always uncertainty
Science and proof
-Contradictory evidence can occur
-Proof means a conclusion is guaranteed
- Tendency to be outgoing sociable energetic, assertive
Extraversion - Funniest and self-defeating, neuroticism
- (small relation to productivity and status change)
- tendency to be good nurtured, cooperative, trusting, and
agreeableness conflict avoidant
- (small relation to tenure and status change)
conscientiousness 2/6