Question
_________ areĀ mental shortcuts that allows people to
solve problems and make judgments quickly and efficiently.Solution
HeuristicsĀ 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.
A loud music that can be heard through the common wall of adjacent apartments at midnight can be classified as
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SEBI power to direct any person to investigate into the affairs of any intermediary or person associated with the securities market is given under Sect...
When consent to an agreement is caused by coercion, fraud or misrepresentation, the agreement is a contract :Ā
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