Examlex
Which of the following types of rock can be split into hard flat plates?
Evolutionary-Developed Heuristics
Decision-making shortcuts or rules of thumb that have evolved over time to facilitate complex problem-solving with efficiency.
Rational Framework
A systematic approach based on reason and logic, often used in decision-making processes to ensure outcomes are logically derived.
Decision Making
The cognitive process of selecting a course of action among various alternatives, often involving a balance of risk and reward.
Neoclassical Economics
The dominant and conventional branch of economic theory that attempts to predict human behavior by building economic models based on simplifying assumptions about people’s motives and capabilities. These include that people are fundamentally rational; motivated almost entirely by self-interest; good at math; and unaffected by heuristics, time inconsistency, and self-control problems.
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