Overview
Heuristics are essential cognitive tools that help individuals make quick decisions and solve problems efficiently. They allow us to navigate complex situations by relying on past experiences and mental shortcuts. However, while heuristics can be beneficial, they also come with risks, such as biases...
Key Terms
Example: Using past experiences to make quick decisions.
Example: Thinking plane crashes are common after hearing about one.
Example: Assuming a quiet person is a librarian.
Example: Bargaining based on the initial price offered.
Example: Favoring information that confirms existing beliefs.
Example: Choosing a college based on rankings.