Asked by Emily Cheng on May 30, 2024
Verified
In decision making, __________ means searching only until you find something that is good enough.
A) satisficing
B) availability heuristic
C) representative heuristic
D) maximizing
Satisficing
A decision-making strategy that aims for a satisfactory or adequate solution, rather than the optimal one.
Availability Heuristic
A mental shortcut that relies on immediate examples that come to a person's mind when evaluating a specific topic, concept, method, or decision.
Representative Heuristic
A cognitive shortcut that involves judging the probability of an event by its resemblance to a prototype or typical example, potentially leading to biases in decision-making.
- Comprehend the principle and consequences of satisficing within the context of decision making.
Verified Answer
Learning Objectives
- Comprehend the principle and consequences of satisficing within the context of decision making.
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