When people reason under uncertainty and judge the probability of events, they often use rules of thumb that allow them to take cognitive shortcuts in making judgments. The BEST description of this approach is that people are using:
A) probability theory to make their judgments.
B) heuristics that sometimes lead to errors in judgment.
C) heuristics that never lead to errors in judgment.
D) algorithms that never lead to errors in judgment.

Question

Quizplus · Accepted Answer

People often use heuristics, or mental shortcuts, to make judgments and estimate probabilities. While these shortcuts can be helpful in saving time and mental effort, they can also lead to errors in judgment, as they rely on simplified rules of thumb rather than a full understanding of probability theory.

When People Reason Under Uncertainty and Judge the Probability of Events