PSYCH 4508 Study Guide - Final Guide: Conjunction Fallacy, Subjective Expected Utility, Representativeness Heuristic

• School: Ohio State University
• Department: Psychology
• Course: PSYCH 4508
• Professor: Miller Seth

Document Summary

Study: in reality, the two groups were equally happy. Exam 2 topics: actuarial judgment vs. clinical judgment, actuarial judgment = using computer model, clinical judgment = doctor"s judgment, which is generally more accurate, actuarial models consistently outperform human judges, due to . Psych 4508: logically impossible if a, b, c and d are mutually exclusive, examples, probability of hospitalized patient outcomes, individual contributions to group efforts. Fast and frugal heuristics: why fast and frugal heuristics work, many real-world environments have regularities that can aid decision making, correlated cues, one piece of info predicts other pieces on info. Probably no need to use all of them: learning the cue values was relatively expensive, at least compared to the payment for getting the answer right, why pay for unnecessary information, participants knew the order of cue validity. Psych 4508: here, people appear to focus on positive co-occurrences of the disease and symptoms.