Asked by
Sarah Peterson
on Dec 12, 2024
Verified
You are placing a bet on an upcoming basketball game.You quickly remember that the green team has won the last three home games.If you use that information to make your decision,
You will be using
A) framing.
B) insight.
C) the representativeness heuristic.
D) the availability heuristic.
Availability Heuristic
A mental shortcut that relies on immediate examples that come to mind when evaluating a specific topic, concept, method, or decision.
Representativeness Heuristic
The representativeness heuristic is a cognitive bias where people judge the probability of an event or the likelihood of an object belonging to a category by how much it resembles a typical case.
- Understand the advantages and disadvantages of using heuristics in decision making.
- Identify the impact that cognitive biases and heuristics have on perception and the making of choices.
Verified Answer
LP
Learning Objectives
- Understand the advantages and disadvantages of using heuristics in decision making.
- Identify the impact that cognitive biases and heuristics have on perception and the making of choices.