GROWTH DEVELOPMENT CHILD
COGNITION AND EMOTIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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They are often tedious and take into account many irrelevant factors
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They are based off whim and can lead to rash decision-making
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They are often more error-prone and can lead to misjudgements
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They prevent one from seeing another perspective and lead to narrow-mindedness
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Detailed explanation-1: -Using heuristics can cause us to engage in various cognitive biases and commit certain fallacies, as Tversky and Kahneman illustrate. As a result, we may make poor decisions, as well as inaccurate judgments and predictions.
Detailed explanation-2: -While heuristics can help us solve problems and speed up our decision-making process, they can introduce errors. As in the examples above, heuristics can lead to inaccurate judgments about how commonly things occur and about how representative certain things may be.
Detailed explanation-3: -This heuristic can lead to errors because similarity or representativeness judgments are not always influenced by factors that should affect judgments of probability, such as base rates.
Detailed explanation-4: -The availability heuristic can lead to bad decision-making because memories that are easily recalled are frequently insufficient for figuring out how likely things are to happen again in the future. Ultimately, this leaves the decision-maker with low-quality information to form the basis of their decision.