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