CHILD DEVELOPMENT PEDAGOGY

Detailed explanation-1: -A heuristic is a rule-of-thumb, or a guide toward what behavior is appropriate for a certain situation. Heuristics are also known as “mental shortcuts” (Kahneman, 2011). Such shortcuts can aid us when we face time pressure to decide, or when conditions are complex and our attention is divided.

Detailed explanation-2: -Heuristic rules are shortcuts that deliver quicker decisions than traditional methods when problem-solving in computing and elsewhere – we could even say they are used to reach educated guesses.

Detailed explanation-3: -However, using common rules of thumb may lead to irrational decision-making. For example, it is typical to assume that limited offer discounted goods are actually cheaper than the average price of the same good over a period of time when actually they are often not.

Detailed explanation-4: -The three heuristics that received most attention were availability, representativeness, and anchoring and adjustment. The availability heuristic refers to the tendency to assess the probability of an event based on the ease with which instances of that event come to mind.

Detailed explanation-5: -When making decisions, there is a rule of thumb that describes human tendency to rely too heavily on the first piece of information or number offered. It’s called the “anchor”.