Often the Issues That You Have to Resolve Quickly on a Daily

question 1

Essay

Often the issues that you have to resolve quickly on a daily basis are complicated and you don't have time to go through every possible solution. You want a "good enough" answer or one that works most of the time. Define the concept of heuristics. In addition, define availability heuristic and representative heuristic and give an example of each type of heuristic.

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Definitions:

Expected Return

The anticipated average return of an investment over a given period, factoring in all possible outcomes.

Portfolio Return

The overall gain or loss generated by an investment portfolio over a particular period of time, taking into account both capital gains and income received.

Expected Return

The anticipated average return from an investment based on its probable profits.

Recession

A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.