Examlex
The concept of ________ is based on the common-sense notion that a dollar paid to you in the future is less valuable to you than a dollar today.
Heuristic
A mental shortcut that allows people to solve problems and make judgments quickly and efficiently.
Algorithm
A methodical process or set of instructions designed to resolve an issue.
Fixation
Using a prior strategy and failing to look at a problem from a fresh new perspective.
Inductive Reasoning
Inductive reasoning is a method of reasoning in which specific observations or cases are used to form a general conclusion or theory.
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