Expert Systems Are NOT Required to

question 100

Multiple Choice

Expert systems are NOT required to

• A)recognize problems.
• B)display emotions.
• C)formulate solutions.
• D)explain solutions.
• E)learn from experience.

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Definitions:

Endowment Effect

A psychological phenomenon in which people assign higher value to things merely because they own them.

Loss Aversion

In prospect theory, the property of most people’s preferences that the pain generated by losses feels substantially more intense than the pleasure generated by gains.

Anchoring Effect

A cognitive bias where an individual relies too heavily on an initial piece of information (the "anchor") when making decisions.