Question
Which of the following refers to rules of thumb
strategies that shorten decision-making time and allow people to function without constantly stopping to think?Solution
Heuristics are mental shortcuts that can facilitate problem-solving and probability judgments. These strategies are generalizations, or rules-of-thumb, that reduce cognitive load, and can be effective for making immediate judgments. These rule-of-thumb strategies shorten decision-making time and allow people to function without constantly stopping to think about their next course of action. Daniel Kahneman and Amos Tversky identified different kinds of heuristics: availability, representativeness, anchoring and affect.
Which country conferred its highest civilian award, the 'Order of St Andrew the Apostle,' on Prime Minister Narendra Modi?
Which sector experienced the highest growth in the Index of Eight Core Industries (ICI) in June 2024?
Which entity transitioned from an NBFC-Core Investment Company (NBFC-CIC) to a Non-Banking Financial Company (Investment and Credit Company) (NBFC-ICC) ...
With reference to India’s first Digital Nomad Village, consider the following statements:
1. Yakten village in Sikkim’s Pakyong district was ...
With respect to the Arunachal Pradesh's budget for FY 2024-25 presented in July 2024, which statements are true?
A.The total budget estimate is ďż˝...
As of August 17, 2024, what action did the Indian government take regarding the windfall tax on diesel and aviation turbine fuel (ATF)?
What is the population criterion for a habitation to be eligible for PMGSY in plain areas (as per the 2001 census)?
What significant milestone did Rohit Sharma achieve in T20 cricket?
What is the primary focus of the 'Report of India's G20 Task Force on Digital Public Infrastructure'?
Gati Shakti Vishwavidyalaya (GSV) recently collaborated with which company for aerospace teaching and research?
Relevant for Exams:
