Psychology 2135A/B Chapter Notes - Chapter 13: Representativeness Heuristic, Availability Heuristic, Risk Aversion

• School: Western University
• Department: Psychology
• Course: Psychology 2135A/B
• Professor: John Paul Minda

Document Summary

Decisions the process of making choices between alternatives. Inductive reasoning reasoning based on observations, or reaching conclusions from evidence: conclusions follow not from logically constructed syllogisms but from evidence. Factors contributing to the strength of an inductive argument: representativeness of observations, number of observations, quality of the evidence. Major role in everyday life because we make predictions about what we think will happen based on our observations about what has happened in the past. Illusory correlations occur when a correlation between 2 events appears to exist, but in reality there is no correlation or it is much weaker than it is assumed to be: can lead to incorrect conclusions about relationships between things. Stereotype an oversimplified generalization about a group or class of people that often focuses on the neg"t. Representativeness heuristic: related to availability heuristic because they draw attention to specific relationships.