problem solving

Question 1

What is Simon’s bounded rationality theory

Answer 1

• making rational decisions
• cognitive limitations from being fully rational
  limits:
• small short term memory
• perceptual limits (filters)
• ethics
  -awarenessness
• time
  -interest
• willpower

Question 2

rational decision making steps

Answer 2

• define problem
• identify criteria
• weigh criteria
• generate alt
• rate alts
• make decision

Question 3

Algorithm

Answer 3

• slow
• solution that try to sort possible outcomes
• ex recipe

Question 4

Heuristics

Answer 4

• rule of thumb
• mental shortcut
• doesn’t always give right answer

Question 5

examples of biases

Answer 5

• anchoring (previous knowledge, preset idea challenges new thoughts)
• framing (syntax/phrasing)
• overconfidence

Question 6

what are the two decision making systems

Answer 6

• system l: intuitive, fast, automatic, emotional
• system ll: deliberate, slow and logical (important)

Question 7

what is nudge decision making

Answer 7

• choice architecture
• ex. physicians pushing patients towards a treatment plan
• stick to status quo

Question 8

reliability and validity

Answer 8

• reliability: consistency over time w different examiners
• validity: test actually measuring what it intends to