Heuristics can be understood as more optimal than algorithms (e.g., compensatory decision rules) when the role of ________ is considered.
A) effort
B) utilities
C) subjective probability
D) overconfidence
Correct Answer:
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Q29: Prospect Theory, developed by Kahneman & Tversky
Q30: When people behave in a risky fashion
Q31: People are more likely to choose the
Q32: Which heuristic primarily relates to the choice
Q33: The overconfidence bias is an example of
Q35: The planning fallacy illustrates the role of
Q36: More sources of correlated cues in decision
Q37: Overconfidence tends to become more prevalent as:
A)
Q38: Which of the following is NOT a
Q39: Debiasing training is generally effective only when:
A)
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