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.
Who was conferred the Padma Bhushan for contributions to journalism in 2025?Â
What is the expected annual energy output of the Heo Hydro Electric Project?
Which tennis legend won the 2025 Princess of Asturias Award for Sports?
Which space tech firm will launch India’s first AI laboratory in space aboard PSLV C60?
Where was India’s first cooperative multi-feed Compressed Biogas (CBG) plant inaugurated in October 2025?Â
What is the deployment timeline mandated by SEBI for funds raised through New Fund Offers (NFOs)?
Which Indian bank became the first to launch Central Bank Digital Currency (CBDC) retail transactions via UPI QR codes?
Which mission was launched by ISRO on July 14, 2024?
- What milestone did India achieve in the global arms trade as per the SIPRI report 2025?
Which newly discovered gecko species in Assam indicates biogeographic links with Sri Lanka?Â