SYSTEM 1 & 2 HEURISTICS & BIASES

4 important questions on SYSTEM 1 & 2 HEURISTICS & BIASES

What is the stroop effect?

The Stroop effect is our tendency to experience difficulty naming a physical color when it is used to spell the name of a different color.

What is confirmation trap?

The confirmation trap also known as “confirmation bias” is our tendency to search for information in a way that confirms our preexisting beliefs and assumptions.

Originally three heuristics introduced that were used to explain a dozen systematic biases, what are they?

• Availability
• Representativeness
• Anchoring
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Errors in judgment due to ease of recall are typically due to?

– Vividness (notable, vivid events are easy to recall)
– Recency (recent events are easy to recall)
– Repetition (oft-discussed events are easy to recall)

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