PSYC 215 Lecture Notes - Lecture 15: Confirmation Bias, Socalled, Positive Illusions

• School: McGill University
• Department: Psychology
• Course: PSYC 215
• Professor: Mark Baldwin

Document Summary

Remember that we were saying last day that sometimes we can get an idea of how things are in our mind that is(cid:374)"t (cid:272)o(cid:373)pletel(cid:455) t(cid:396)ue (cid:894)(cid:271)ut (cid:449)e keep (cid:449)ith that idea (cid:374)o(cid:374)etheless(cid:895) How is it that we have such different beliefs about the world (from one person to the next)? (cid:862)it"s a wo(cid:374)de(cid:396)ful life(cid:863) P(cid:396)of sho(cid:449)s us a (cid:272)lip of a (cid:862)(cid:271)a(cid:374)k (cid:396)u(cid:374)(cid:863) Too many clients came to the bank at once in order to withdraw cash. They no longer had any cash left to service the remaining clients. Ppl hear a rumour and start to worry that their money is not safe in the bank. Many start to demand to take their money out. Others see this and being to do the same. The bank eventually cannot pay everyone and so goes out of business: this is because the money you deposit is lent out to borrowers who cannot immediately return it to the bank.