Examlex
A time travel mishap lands you at one of the first psychology conferences ever held,sometime at the dawn of the 20th century.The graying older scientists slowly losing their grip on the field are most likely _____,whereas the passionate young up-and-comers are probably _____.
Heuristics
Mental shortcuts or rules of thumb that simplify decision making by reducing complex problem-solving to simpler judgment processes.
Cost-benefit Impact
An assessment that compares the costs involved in an action to the benefits derived from it, used to determine its overall value and feasibility.
Escalating Cost Impact
The effect of costs increasing over time, often spiraling beyond original estimates, generally due to poor planning, scope creep, or unforeseen circumstances.
Satisficing
A decision-making strategy that involves searching for and choosing an acceptable or satisfactory response to a problem or scenario, rather than an optimal solution.
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