According to Dual-Process Theories of Decision-Making,when Complicated or Important Decisions

question 37

Multiple Choice

According to dual-process theories of decision-making,when complicated or important decisions need to be made people use

• A) dumb and dumber strategies.
• B) fast and frugal strategies.
• C) intuitive strategies.
• D) rule-governed strategies.

---

Definitions:

Standard Error

A measure of the standard deviation of the sampling distribution of a statistic, indicating the accuracy with which a sample represents a population.

Standard Deviation

A statistical metric that quantifies the dispersion or spread of a dataset relative to its mean.

Sample Proportion

The fraction or percentage of items in a sample that are part of a particular category or characteristic of interest.

Binomial Distribution

A statistical function that delineates the chances of a variable assuming either of two mutually exclusive values, based on certain parameters.