Simulation Models That Must Take into Account How the System

question 44

True/False

Simulation models that must take into account how the system changes or evolves over time are referred to as dynamic simulation models.

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Definitions:

Availability Heuristic

A mental shortcut that relies on immediate examples that come to mind when evaluating a specific topic, concept, method, or decision.

Fundamental Attribution Error

The tendency to overestimate the influence of personality and underestimate the impact of situational factors on other people's behavior.

False Consensus Effect

The tendency for people to overestimate the extent to which their beliefs, opinions, preferences, values, and habits are normal and typical of those of others.

Counterfactual Thinking

The human tendency to create possible alternatives to life events that have already occurred, something akin to imagining "what might have been."