Category: Science
Created by: tim.zhaotianqi
Number of Blossarys: 40
English (EN) The larger the sample size, the more representative a sample will be of the population from which it was chosen Eg: larger hospital: 45 babies are born each day; smaller hospital, 15 babies. Over a ...
Mistaken belief that the probability of a random event in the short run will match its probability in the long run.
Tendency to selectively look for information that might confirm your belief and overlook information that disconfirms it Wason (1960) study • Subjects shown a set of three numbers that were ...
Based on the assumption that people are basically rational, so if they have all of the relevant information, they will make a decision that results in the maximum expected utility (outcome that ...
A decision-making strategy that is governed by the idea of avoiding risks. Often used when a problem is stated in terms of gains.
A decision-making strategy that is governed by the idea of taking risks. Often used when a problem is stated in terms of losses.
Tendency for decisions to be influenced by how they are stated (framed) • Disease scenarios: Decisions depended on whether programs were stated in terms of lives saved or lost
