ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is not a characteristic of System 1 thinking?
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It is dependent on context-that is, environmental cues-to solve the problem.
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Is able to transfer information from one situation to another.
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Requires little effort.
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Results in creating impressions.
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Explanation:
Detailed explanation-1: -Expert-Verified Answer. Answer: The silver bullet is not a characteristic of system thinking.
Detailed explanation-2: -System 1 is gullible and biased to believe. System 2 is in charge of doubting and unbelieving but sometimes gets busy or lazy.
Detailed explanation-3: -Kahneman’s model divides the mind’s processes into two distinct systems: System 1 “is the brain’s fast, automatic, intuitive approach”[2].
Detailed explanation-4: -System 1 thinking is a near-instantaneous process; it happens automatically, intuitively, and with little effort. It’s driven by instinct and our experiences. System 2 thinking is slower and requires more effort. It is conscious and logical.
There is 1 question to complete.