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Buttered Toast
on Oct 08, 2024

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According to behavioral economists,the human brain:

A) makes most decisions based on careful calculation of benefits and costs.
B) uses evolutionary-developed heuristics to make many decisions.
C) only develops heuristics for decision making after the same decision has been made multiple times using a rational framework of comparing benefits and costs.
D) employs heuristics in decision making that are slow but generally error-free.

Evolutionary-Developed Heuristics

Decision-making shortcuts or rules of thumb that have evolved over time to facilitate complex problem-solving with efficiency.

Rational Framework

A systematic approach based on reason and logic, often used in decision-making processes to ensure outcomes are logically derived.

Decision Making

The cognitive process of selecting a course of action among various alternatives, often involving a balance of risk and reward.

  • Recognize the influence of heuristics and cognitive biases on decision-making processes.
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Shamaya LockhartOct 09, 2024
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