5 Written Questions
4 Multiple Choice Questions
- the portion of the cortex in the front and center of the brain. It seems to be involved in decision making and self regulation, including activities like gambling.
- A model that states how people actually behave.
- If one item is recognized and another is not, people view the recognized item to have a higher value on dimensions like size.
- in the context of Bayes's theorem he probability that a particular piece of evidence will be found if a hypothesis is true,
4 True/False Questions
Posterior Probability → In Bayes Theorem, the probability that a hypothesis is true after consideration of the evidence.
Gambler's Fallacy → the value that someone places on something.
Probability Matching → the tendency to chose an alternative with a probability that matches the frequency with which the alternative occurs in experience.
Framing Effects → the tendency for people to make different choices among the same alternatives, depending on the statement of the alternatives.