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Using a Number of Outcome Estimates to Get a Sense

question 7

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Using a number of outcome estimates to get a sense of the variability among potential returns is


Definitions:

Creative Problem Solving

An approach to tackling challenges with innovative and non-traditional strategies, emphasizing thinking outside the box.

Incubation

A period of subconscious processing that contributes to problem-solving and creative thinking, often occurring after a period of active work on a problem.

Divergent Thinking

A thought process or method used to generate creative ideas by exploring many possible solutions.

Convergent Thinking

A thought process that aims at arriving at a single, correct solution to a problem.

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