Jordan invests 10% of his money in each of the 10 mutual funds available in his 401-K plan. This tendency is known as the 1/N heuristic.

Name: Jordan invests 10% of his money in each of the 10 mutual funds available in his 401-K plan. This tendency is known as the 1/N heuristic.
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The 1/N heuristic is a strategy where an individual allocates resources evenly across all available options, in this case, investing an equal percentage (10%) in each of the 10 options.

Jordan Invests 10% of His Money in Each of the 10