Examlex
The ____________________ is the top triangle at the 0" mark on the horizontal ruler shown in the accompanying figure.
Availability Heuristic
Availability heuristic is a mental shortcut that relies on immediate examples that come to a person’s mind when evaluating a specific topic, concept, method, or decision.
Anchoring and Adjustment
A psychological heuristic where initial information serves as a reference point for subsequent judgments and decisions.
Satisficing
is a decision-making strategy that aims for a satisfactory or adequate result, rather than the optimal solution.
Decision Making Process
A structured approach that involves identifying and evaluating choices to determine the best course of action for solving problems or achieving objectives.
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