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Judgement/Decision
Lecture 20& 21 Schwartz & Discussion 4/17
Question | Answer |
---|---|
what are heuristics? | cognitive strategies that help to simplify what would otherwise be complex judgement tasks |
a judgement is considered biased when it | deviates from the normative, decision analytic, approach |
decision analysis is | a set of procedures for making choices when outcomes are uncertain & involves breaking down complex decisions into smaller, more tractable choices which are then combined to reach an overall decision |
expected utility theory (EU) is an approach to decision making where | a probability that is an objective frequency (based on data) of a possible outcome is multiplied by its utility and the action that leads to the highest expected utility is usually the one that is chosen |
subjective expected utility theory (SEU) is an approach to decision making where | a probability, that is an subjective belief, of a possible outcome is multiplied by its utility and the action that leads to the highest expected utility is usually the one that is chosen |
subjective expected utility based decision analytic procedures.. | prescribe how decisions should be made and may be normative but it is not always descriptive |
decision analysis can be used to | make decisions about diagnosis and treatment, allocation of scarce resources, & to compare the risks and benefits of various actions |
what are the limitations to SEU theory | required info may not be available, the question of practicality (time consuming), measurement of utility is not easy to quantify |
the most important difficulty in applying decision analysis is that | people to not always behave as SEU theory claims they should |
the availability heuristic is when | people estimate frequency or probability by the ease with which instances or associations can be brought to mind |
in the availability heuristic sensational events are easier to recall than | more common, but mundane, events because they receive more media coverage |
because the availability heuristic relies on an individuals personal experiences it can lead to biased judgements when | doctors attempt to estimate probabilities in the general population where their personal experience may be atypical |
availability can bias probability judgement even when | experience" is very recent |
probability judgements rise and fall with | factors that affect peoples ability to recall relevant instances |
in the representativeness heuristic | the probability of an event is estimated but the degree to which it fits an existing cognitive stereotype |
the predictive value of a positive test result is | the proportion of true positives out of all the positives a test produces |
the value of a positive test result depends on | the population base rate |
Bayes formula is used to calculate the relevant probabilities in judgement situations in which prior information is available | P(E/H)P(H)/P(E/H)P(H)+P(E/FH)(P(FH) |
decision makers base their "strength of association" estimates on | relationships they believe ought to exist (that are representative) rather than on true empirical covariation |
illusory correlations appear to be responsible for | the persistence of many unwarranted beliefs and suggest that ideas may covary even when they are unrelated |
the positive testing strategy is when you | seek information that is consistent, rather than inconsistent, with one's current hypothesis and in most cases is logically useless |
representative thinking can make people | insensitive to considerations of sample size |
smaller sample sizes are | more likely to deviate from the population mean than large ones |
the gamblers fallacy is the | unwarranted expectation that every sample must represent the population mean |
random fluctuation can produce deviations from the true score and are | unlikely to be repeated |
representative thinking is likely to produce more harm than good because it | leads to people ignoring base rates, to make pseudo diagnostic judgements, to misinterpret random events, and to misunderstand statistical regression |
human information processing capacity is | finite and easily overloaded |
because judgement does not necessarily improve with increasing information, people who assign higher that warranted probabilities to their predictions are said to be | overconfident |
hindsight bias occurs when | our present knowledge is allowed to influence our estimates of the likelihood of previous events |
the anchoring and adjusting heuristic recommends that | probabilities be estimated by first beginning with an "anchored" probability value and then adjusting this value according to the features of the specific case |
the initial placement of the "anchor" can have an | unduly large influence on final judgements, even when the anchor point in incorrect because of the importance of first impressions |
anchoring and adjustment is closely related to availability and representativeness because | availability may affect the choice of the anchor point while representativeness may lead people to neglect the base rate altogether focusing entirely on the specific of the case |
value-induced biases violate one of the main underpinnings of SEU theory | namely that the utility of an outcome is independent of its probability |
when a sure thing is stated positively it is | preferred to a gamble but when a sure thing is stated in the negative people prefer to take a gamble |
preferences are affected by | the way an outcome is described |
discounting is | the tendency to stop searching for the possible causes of a patient's problem after one plausible cause has been found |
augmentation is | the requirement of especially strong evidence for a diagnosis when some counterindicant is present |
errors arise when a counterindicant is | allowed to outweigh stronger positive predictors |
linear judgement models consist of | a set of predictor variables on the one hand and some criterion (the outcome to be predicted) on the other |
when linear models are being used to predict judgements, the statistical technique of multiple regression analysis represents a | straightforward way to determine the weights to be assigned to the various predictors |
linear models may be used to | design decision aids |
what is the main advantage of linear models? | the are of use and their explicit nature |
what are the practical problems of decision aids based on linear models? | large, reliable databases are not available for many clinical problems & they cannot help a clinician identify previously unrecognized causal variables nor are they capable of suggesting new hypotheses or of explaining their own decisions |
linear models fare best when they | are used to make predictions for specific problems |
linear models are difficult to apply to problems that | originate in complex social contexts and do not have neat algorithmic solutions |
what is an expert system? | a computer program that solves problems and gives advice by making inferences from the available data & need public and private knowledge to behave like human experts |
public knowledge includes | information found in textbooks: definitions, facts, theories |
private knowledge consists of | the rules of thumbs the enable experts to make educated guesses when necessary to recognize promising approaches to problems, and to deal effectively with uncertain data |
expert systems serve a teaching role because | they can explain the basis for their recommendations- by tracing through their reasoning process |
expert systems generate hypotheses by | a type of backward inference in which current observations are connected to underlying causes & as further information is gathered hypotheses my be altered |
expert systems often display | a lack of common sense known as the "plateau and cliff" effect |
expert systems tend to be | slower than human experts and to give considerably more complicated explanations of their thinking processes than humans do |
deductive (deterministic) reasoning is | logically valid theory > hypothesis > observation > confirmation |
inductive (or probabilistic) reasoning is | observation > pattern > hypothesis > theory |
normative reasoning theories are | how one should reason; rules of logic |
descriptive reasoning theories are | how one actually reasons; biases & heuristics |
simulation heuristic is where you | base judgments on how easily you can imagine |
the conjunction fallacy is | believing that a conjunction of events is more likely that a single event & often occurs due to a causal reasoning |
framing effects is where | the way that information is presented leads to difference decisions |
when there are many possible operators that you could apply, at the initial state instead you may want to | work backward and instead start at the goal state |