Section 3: Critical Thinking D265 WGU (All correctly solved)

Confirmation Bias correct answers a tendency to search for information that supports our preconceptions and to ignore or distort contradictory evidence How to Identify Sources of bias correct answers Incomplete information intentional deception influence from past personal experience intentional persuasion to strengthen a position common types of cognitive biases correct answers - Bandwagon - Anchoring - The Dunning-Kruger Effect - The Sunk Cost Fallacy Bias - Optimism and Pessimism Bias - The Framing Effect Bias - Confirmation Bias - Reactance - Self-Serving Bias - Hindsight Bias [ Bandwagon effect correct answers Believing or even performing an action based on the fact that the people around you are also doing or believing the same thing. Anchoring correct answers Focusing a little too much on the first bit of information you are given when making a decision. Dunning-Kruger Effect correct answers Involves the overestimation and underestimation of one's abilities. sunk cost fallacy (bias) correct answers Involves the refusal to abandon a thought or investment that is not rewarding or possibly even damaging simply because we have invested a lot of time, thought, energy, effort, or even money into it. Optimism and Pessimism Bias correct answers The tendency to overestimate how likely a positive outcome will occur, especially if we're in a good mood. We also have the tendency to overestimate the negative outcome of an event if we are not happy or in a bad mood. Framing Effect correct answers Involves drawing a number of different conclusions about something, based on the different ways the exact same data is presented. Reactance correct answers the need to do the opposite of what someone requests.