Cognitive biases and emotional states

13 important questions on Cognitive biases and emotional states

How do you call intuitive, automatic/implicit, fast, frequent, emotional and stereotypic way of decision making?

System 1

How do you call the deliberate, conscious, reasoned, slow, effortful, infrequent, logical and calculating way of decision making?

System 2

For which system are careful deliberation and weigh pros and cons the most important benefits?

System 2
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For which decision making system are slow and resource-intensive major disadvantages?

System 2

For which decision making system are heuristics and biases disadvantages?

System 1

How do you call a rule of thumb that facilitates the decision making process?

Heuristics

How do you call a systematic distortion of perception and colours our judgment?

Bias

How do you call judgments or decisions based on a something's or someone's similarity to a general case?

Representative heuristic

How do you call the effect that explains that when people do not know an answer they use a given random value to guess the answer by moving from the given value?

Anchoring & Adjustment

How do you call the effect that explains that decision making is different when there is a cheap and expensive version and when there is placed an almost as expensive version beside the expensive version?

Attraction effect

How do you call the effect that explains that people change their choice when an more expensive option is added?

Compromise effect

How do you call the states that are also known by cravings or strong desires?

Visceral states

How do you call the bias that explains that it is hard for people to think of a situation other then they are currently in?

Hot-cold empathy gap

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