Individuals often use ________, also known as simple rules of thumb, to make decisions.
A) bounded rationality
B) syntax
C) folksonomies
D) intuition
E) heuristics

Question

Quizplus · Accepted Answer

Heuristics are simple rules of thumb that individuals use to make decisions in a quick and efficient manner. They are often used in situations where a more formal decision-making process, such as bounded rationality, may be too time-consuming or complex. Heuristics can be helpful, but they can also lead to biases and errors in decision-making.

Individuals Often Use ________, Also Known as Simple Rules of Thumb