#1
Which term refers to the mental process of organizing and interpreting sensory information?
#2
Who proposed the dual-process theory of decision making, distinguishing between System 1 and System 2 thinking?
#3
In the context of decision making, what does the term 'anchoring' refer to?
#4
According to Prospect Theory, which of the following statements is true regarding decision making under risk?
#5
What is the term for the cognitive bias where people overestimate their ability to control events?
#6
Which concept in decision making refers to the tendency to continue investing time, money, or effort into a decision despite evidence that it's failing?
#7
Who developed the 'availability heuristic,' which suggests that people assess the frequency of an event by the ease with which instances come to mind?
#8
What term describes the mental shortcut where individuals make decisions based on the information readily available to them rather than complete information?
#9
What is the term used to describe the phenomenon where individuals in a group tend to make riskier decisions than they would individually?
#10
Which theory suggests that individuals tend to seek out information that confirms their existing beliefs while ignoring or discounting contradictory evidence?
#11
Who introduced the concept of 'cognitive dissonance,' which refers to the discomfort experienced when holding conflicting beliefs or attitudes?
#12
Which theory suggests that individuals tend to make decisions based on the potential value of losses and gains rather than the final outcome?
#13
Who developed the 'conjunction fallacy,' which occurs when people judge the probability of two events happening together to be higher than the probability of either event happening alone?
#14