Rules of thumb are useful because:

Name: Rules of thumb are useful because:
Brand: Quizplus
Rating: 4.8 (41 reviews)

Question

Quizplus · Accepted Answer

Rules of thumb, also known as heuristics, help to save time and effort by providing quick decision-making shortcuts. While they can introduce biases, the benefits of increased efficiency and productivity often outweigh the potential drawbacks. Anchoring, a cognitive bias where consumers rely heavily on the first piece of information they receive, is not directly related to the usefulness of rules of thumb.

Rules of Thumb Are Useful Because