Overview
Heuristic problem solving is a vital cognitive process that allows individuals to make quick decisions using mental shortcuts. While heuristics can simplify complex decision-making, they also come with the risk of cognitive biases that can distort judgment. Understanding these concepts is essential ...
Key Terms
Example: Using a rule of thumb to estimate costs.
Example: Confirmation bias, where one favors information that confirms existing beliefs.
Example: Thinking plane crashes are common after hearing about one in the news.
Example: Judging the price of a product based on its initial price tag.
Example: A student overestimating their performance on a test.
Example: Choosing a product labeled as '90% fat-free' over one labeled '10% fat.'