Decision Making and Judgment
Psychology ⇒ Cognitive Psychology
Decision Making and Judgment starts at 11 and continues till grade 12.
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See sample questions for grade 12
Describe how confirmation bias can impact scientific research.
Describe how hindsight bias can affect judgment after an event has occurred.
Describe how the anchoring bias can affect financial decisions.
Describe the difference between heuristics and algorithms in decision making.
Describe the main idea of the dual-process theory in decision making.
Explain the concept of ‘base rate neglect’ in judgment and decision making.
Explain the concept of risk aversion in decision making.
Explain the difference between normative and descriptive models of decision making.
Explain what is meant by the term ‘bounded rationality’.
Explain what is meant by the term ‘escalation of commitment’.
