The Concept of Heuristics Means a Rule-Of-Thumb Strategy or Good

question 30

Multiple Choice

The concept of heuristics means a rule-of-thumb strategy or good guide to follow in order to shorten the time it takes to make a decision. Psychology literature tells us that heuristics can lead to systematic biases in decision making, what psychologists refer to as cognitive biases. In the context of finance, these biases lead to errors in making ________.

• A) accounting decisions.
• B) investment decisions.
• C) heuristic decisions.
• D) psychological decisions.

Grasp the concept of the scientific method and its application in sociological research.

Acquire knowledge about the role of control and experimental groups in research design.

Recognize the significance of sampling techniques in research validity.

Identify the importance of comparative and historical research in understanding societal changes.

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Definitions:

Sociobiology

The scientific study of the biological aspects of social behavior in animals and humans, emphasizing the role of evolutionary and genetic factors in shaping social structures.

Evolutionary Logic

The application of principles of evolution, such as natural selection and adaptation, to understand patterns and processes in biology and behavior.

Human Behavior

Refers to the range of actions and mannerisms exhibited by humans in conjunction with their internal and external stimuli.

Jealousy

An emotion experienced when a person perceives a threat to a valued relationship from a third party.