PSYC 3110 Lecture Notes - Lecture 16: 7 Women, Colorectal Cancer, Reference Class Problem

• School: University of Guelph
• Department: Psychology
• Course: PSYC 3110
• Professor: Kieran O' Doherty

Document Summary

Statistical innumeracy not) but right now, you do not know what the outcome is. Focus on subjective versus objective risk assessments find both are very different. Why do people have these incorrect risk assessments because of their own biases and their heuristics. Evolutionary focus on risk assessment as survival mechanism. Challenging the bias interpretation the available evidence. terms of real world constraints) computational power restrictions (good decision is taking all evidence into account and taking it into calculation to making the right decision) Others argue it is not good to make decisions that way, because in the real world, we operate under constraints (view below) )nterpretation of (cid:494)bias(cid:495) based on comparison of one correct statistical solution. Bias or heuristic, you should be more rationale, as it takes into account all of. Based on (cid:494)classical rationality(cid:495) real world examples do not conform to these. Concept of (cid:494)bounded rationality(cid:495) cognitive mechanisms underlying decisions &