Microeconomics 20th Edition by Campbell McConnell, Stanley Brue,Sean Flynn

تمرين 3

Economist Gerd Gigerenzer characterizes heuristics as "fast and frugal" ways of reaching decisions. Are there any costs to heuristics being "fast and frugal" Explain and give an example of how a fast and frugal method for doing something in everyday life comes at some costs in terms of other attributes forgone.