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

question 30

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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 ________.


Definitions:

Atrioventricular Node

A small node of specialized heart muscle located in the heart's lower right atrium, playing a crucial role in the heart's electrical conduction system by delaying the transmission of impulses from the atria to the ventricles.

Left Bundle Branch

A pathway of heart muscle fibers responsible for conducting electrical impulses to the left side of the heart's ventricles.

Right Bundle Branch

A pathway of cardiac muscle fibers responsible for conducting electrical impulses that regulate heart rhythm to the right ventricle.

Terminal Branch

The end portion of a nerve or blood vessel where it divides into smaller branches, reaching the target tissues or organs.

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