Making Choices That Are Expected to Achieve the Highest Possible

question 85

Multiple Choice

Making choices that are expected to achieve the highest possible value for some objective is termed:

• A) maximizing.
• B) minimizing.
• C) sanitizing.
• D) satisfying.

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Definitions:

Uncertain Events

Situations or occurrences with an unpredictable outcome due to a lack of information or inherent variability.

Isolated Cases

Instances or occurrences that are distinct from and not representative of the general situation or condition.

Fast And Frugal Heuristics

Decision-making strategies that use minimal information to make quick and efficient decisions.

Gigerenzer

A psychologist known for his work on heuristics and decision making under uncertainty.