Asked by WORST NIGHTMARE on May 20, 2024
Verified
Some research suggests that ______ often represents information we are already holding at an unconscious level, and thus it may actually lead to effective decisions.
A) anchoring
B) satisficing
C) intuition
D) bias
Intuition
A process of understanding or knowing something immediately, based on a person's feelings rather than facts or evidence.
Anchoring
A cognitive bias where an individual relies too heavily on an initial piece of information (the "anchor") when making decisions.
Satisficing
A decision-making strategy that entails choosing an option that meets a minimum standard of satisfaction or acceptability, rather than pursuing the best possible outcome.
- Appreciate the contribution of intuition to the decision-making process and its potential to yield fruitful outcomes.
Verified Answer
Learning Objectives
- Appreciate the contribution of intuition to the decision-making process and its potential to yield fruitful outcomes.
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