ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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She has developed the System 2 thinking necessary for math class, but not for psychology class.
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Her knowledge from mathematics is interfering with her knowledge in psychology.
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She is not able to transfer her understanding in mathematics to a new context (situation). So, her approach to solving the problem shows System 1 thinking.
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Mary’s self-esteem in psychology class is interfering with her ability to solve the problem. It has nothing to do with System 1 and System 2 thinking.
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Detailed explanation-1: -Which of the following statements is true about thinking, decision making and problem solving? Decision making is a part of problem solving-and both decision making and problem solving are examples of thinking.
Detailed explanation-2: -What research method was used by Mueller and Oppenheimer (2014) to test their hypothesis that taking notes by hand would be better than taking notes on a laptop? An experiment using an independent samples design.
Detailed explanation-3: -Models of thinking and decision-making that could be studied include: theory of reasoned action and theory of planned behaviour (concerned with the relationship between attitudes and behaviour when making choices) the adaptive decision-maker framework including emotions and goals in the decision process.
Detailed explanation-4: -Some psychologists restrict the term “confirmation bias” to selective collection of evidence that supports what one already believes while ignoring or rejecting evidence that supports a different conclusion.