Given that they are developed through years of experience,rules of thumb rarely if ever lead to severe errors in the decision making process.

Question

Quizplus · Accepted Answer

Rules of thumb are informal, heuristic-based guidelines that are not always foolproof and can lead to errors in decision making, particularly in complex or unfamiliar situations. While they may be developed through years of experience, they are still subject to biases and limitations, and it is important to balance them with critical thinking and data analysis.

Given That They Are Developed Through Years of Experience,rules of Thumb