Homework: Cognitive Biases and Decision Making
Length: 7 pages.
Prompt: Much of cognition in general proceeds in an automatic fashion that is subject to numerous errors and biases. Daniel Khaneman and Amos Tversky are well-known for characterizing numerous cognitive biases and positing a dual-process theory of decision making that suggests we use two different modes of processing that are characterized by automatic, error-prone thinking versus more effortful, accurate thinking. These are called Type 1 and Type 2 processing, respectively. This paper will define cognitive biases and heuristics and discuss strategies such as mindfulness that can be used to shift from Type 1 to Type 2 thinking.
• What are examples of cognitive biases and heuristics?
• According to Khaneman, what are Type 1 and Type 2 processing?
• What can be done to shift from Type 1 to Type 2 processing?
Format your homework according to the give formatting requirements:
1. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.