Question 1

Which of the following is probably an expression of the influence of the Hindsight Bias?

Accepted Answer

A)  "There are a couple of city cops across the street on foot patrol. Just a couple more bullies in blue uniforms looking to roust some poor homeless dude or bust a couple of brown or black kids with a trumped up drug possession charge." 
B)  "It's one thing for us to serve and protect. That's our oath as police officers. But, hey, when you're out on the streets you got to protect yourself. I mean, it's a combat zone out there. We got stick together, cover each other's six. You know what I mean." 
C)  "When I was just going off to college I used to talk with my Dad about politics. He said the best approach was always to be conservative. So that's what I am." 
D)  "There was a time when I thought that the reason you didn't do your fair share of the housework was because you did not realize that I was your partner, not your mother. But now that you occasionally do the shopping, the laundry, and help with the dinner dishes I realize that you must not think I'm your mother but your maid instead." 
E)  "We did everything right. Everything! It was a useful product. Well designed and well built. We used an outstanding marketing approach. It is just that nobody wanted to buy it. That's not our fault. Nobody can predict what the public will like. The market just was not ready for what we were offering. Nothing we could do about that." 
A)  "There are a couple of city cops across the street on foot patrol. Just a couple more bullies in blue uniforms looking to roust some poor homeless dude or bust a couple of brown or black kids with a trumped up drug possession charge." 
B)  "It's one thing for us to serve and protect. That's our oath as police officers. But, hey, when you're out on the streets you got to protect yourself. I mean, it's a combat zone out there. We got stick together, cover each other's six. You know what I mean." 
C)  "When I was just going off to college I used to talk with my Dad about politics. He said the best approach was always to be conservative. So that's what I am." 
D)  "There was a time when I thought that the reason you didn't do your fair share of the housework was because you did not realize that I was your partner, not your mother. But now that you occasionally do the shopping, the laundry, and help with the dinner dishes I realize that you must not think I'm your mother but your maid instead." 
E)  "We did everything right. Everything! It was a useful product. Well designed and well built. We used an outstanding marketing approach. It is just that nobody wanted to buy it. That's not our fault. Nobody can predict what the public will like. The market just was not ready for what we were offering. Nothing we could do about that."

Question 2

What possible error in judgment can come about by the misapplication of the Anchoring with Adjustment Heuristic?

Accepted Answer

Failure to reconside

Question 3

The________ heuristic is the tendency to make decisions that maintain the status quo in order to avoid risk and loss.

Accepted Answer

loss and r

Which of the following is probably an expression of the influence of the Hindsight Bias?

What possible error in judgment can come about by the misapplication of the Anchoring with Adjustment Heuristic?

The________ heuristic is the tendency to make decisions that maintain the status quo in order to avoid risk and loss.

The Power of Critical Thinking

Critical Thinking Mindset and Skills

Solve Problems and Succeed in College

Clarify Ideas and Concepts

Analyze Arguments and Diagram Decisions

Evaluate the Credibility of Claims and Sources

Evaluate Arguments: Four Basic Tests

Valid Inferences

Warranted Inferences

Reflective Decision Making

Comparative Reasoning

Ideological Reasoning

Empirical Reasoning

Write Sound and Effective Arguments

Ethical Decision Making

The Logic of Declarative Statements

Critical Thinking in the Social Sciences

Critical Thinking in the Natural Sciences

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Exam 10: Snap Judgments:risks and Benefits of Heuristic Thinking

Which of the following is probably an expression of the influence of the Hindsight Bias?

What possible error in judgment can come about by the misapplication of the Anchoring with Adjustment Heuristic?

The________ heuristic is the tendency to make decisions that maintain the status quo in order to avoid risk and loss.

The Power of Critical Thinking

Critical Thinking Mindset and Skills

Solve Problems and Succeed in College

Clarify Ideas and Concepts

Analyze Arguments and Diagram Decisions

Evaluate the Credibility of Claims and Sources

Evaluate Arguments: Four Basic Tests

Valid Inferences

Warranted Inferences

Reflective Decision Making

Comparative Reasoning

Ideological Reasoning

Empirical Reasoning

Write Sound and Effective Arguments

Ethical Decision Making

The Logic of Declarative Statements

Critical Thinking in the Social Sciences

Critical Thinking in the Natural Sciences

Filters