Examlex
Burroughs Wellcome is the developer and maker of AZT,which is a drug to treat persons afflicted with AIDS.The firm charges each patient $6,500 annually-more than many AIDS patients can afford.This is an example of the manufacturer adhering to its
Heuristics
Mental shortcuts or rules of thumb that facilitate fast and efficient decision-making, although not always leading to the perfect solution.
Elimination By Aspects
A decision-making approach in which alternatives are evaluated against criteria that have been ranked according to importance.
Additive Strategy
A problem-solving technique that involves systematically adding all possible elements together to find a solution.
Representativeness Heuristic
A cognitive shortcut that involves judging the probability of an event by how much it resembles what we consider to be a typical example of that event.
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