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An __________ Is a Program That Runs Within Another Application

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An __________ is a program that runs within another application such as a website.

Identify and explain the roles of System 1 and System 2 in decision-making processes.
Recognize various cognitive biases and heuristics that influence human behavior and decision-making.
Analyze the impact of cognitive biases on personal and economic decisions.
Understand the concept of heuristics and its applications in daily life and decision-making.

Definitions:

Critical Evaluator

A role in decision-making that involves rigorously assessing information, arguments, and outcomes.

Decision Making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.

Minority Rule

A governance or decision-making process where a smaller portion of a population holds disproportionate power or influence.

Group Decision

The process through which a collection of individuals collectively arrive at a conclusion or choice.

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