With Reference to Decision Making, Which of the Following Does

question 64

Multiple Choice

With reference to decision making, which of the following does satisficing involve?

• A) weighing each criteria before making a decision
• B) seeking solutions that are satisfactory and sufficient
• C) scrutinizing and evaluating each alternative in detail
• D) selecting the best option with the highest utility
• E) finding optimal solutions to problems

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Definitions:

Category Hierarchies

Organizational systems that classify groups or objects into ranked categories based on shared characteristics or importance.

Representativeness Heuristic

A cognitive shortcut where the likelihood of an object belonging to a category is assessed based on how typical the object seems of the category.

Confirmation Bias

The inclination to seek out, comprehend, prioritize, and recall facts in a manner that corroborates one's established beliefs or conjectures.

Framing Effect

A cognitive bias where people decide on options based on whether the choices are presented with positive or negative connotations.