How can fixation, confirmation bias, the use of heuristics, overconfidence, and framing influence the quality of our decisions?
● A mental set is a tendency to approach a particular problem in a particular way.
● Confirmation bias is a tendency to focus on information that supports preconceptions.
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● The availability heuristic estimates the likelihood of events based on their availability in memory. This can either enhance or hinder problem solving.
● Overconfidence occurs when confidence in an answer is greater than accuracy.
● Framing is the way an issue is presented or worded; it affects what solutions are thought of and produced.
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