Heuristics and Decision-Making Quiz
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Questions and Answers

Which term describes mental shortcuts that allow people to solve problems and make judgments quickly and efficiently?

  • Rational decisions
  • Heuristics (correct)
  • Rule-of-thumb strategies
  • Cognitive biases
  • Who suggested that human judgment is subject to cognitive limitations and that purely rational decisions involve weighing factors such as potential costs against possible benefits?

  • Herbert Simon (correct)
  • Amos Tversky
  • Daniel Kahneman
  • None of the above
  • According to Amos Tversky and Daniel Kahneman, what influences how people think and the judgments they make?

  • Rule-of-thumb strategies
  • Mental shortcuts
  • Rational decisions
  • Cognitive biases (correct)
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