Decision Making 1

• What is the dual process theory?


  Situation

  Pattern recognised - system 1

  Pattern not recognised - system 2

  Both lead to decision
• System 1


  Fast

  Unconscious

  Automatic

  Everyday, common decisions
• System 2


  Slow

  Conscious

  Requires effort

  Unfamiliar, complex decisions
• Why can't we turn system 1 off?

  can't turn off system 1 - always trying to pattern recognise
• look alike, sound alike

  accuracy checking

  process
• practice makes perfect'


  instruction,demonstration,practice and feedback
• What are the 4 Stages of Competence?

  1. unconscious incompetence

  2. conscious incompetence

  3. conscious competence

  4. unconscious competence

  
• What is Cognitive Bias?

  cases in which human cognition reliably produces representation that are systemically distorted compared to some aspect of objective reality
• What is ascertainment bias?


  Thinking shaped by prior expectation
• Bandwagon effect


  'we do it like this here
• What is affective bias?


  mood can effect our decision
• Bias & equality
• how do we deal with bias?


  Be aware they exist

  Take breaks

  Awareness of your mood

  Invite other people's view

  using scoring systems & checklist
• bounded rationality and Satisficing


  Humans gather a sufficient amount of information to make a satisfactory decision

  - decision making limited by ability to gather and process information