Availability heuristic Study guides, Study notes & Summaries
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PHIL 341 Final Study Questions with correct answers
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What are the two parts of an argument? CORRECT ANSWER Premise: provides the reason 
Conclusion: is what the premise is trying to prove/ demonstrate 
 
How does the book define critical thinking? CORRECT ANSWER Analyzed decision making process that helps one arrive at the best possible solution that will benefit all involved in any given situation, resulting in the most successful outcome. 
 
objective and subjective claims CORRECT ANSWER Objective claim is INDEPENDENT on whether you believe it i...
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MGT 300 ASU Neck Exam 2 with Certified Solutions
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MGT 300 ASU Neck Exam 2 with 
 
Certified Solutions 
 
Anchoring and adjustment heuristic a process whereby people base their decisions on the 
first piece of information they are given without taking other possibilities into account 
 
Availability heuristic a rule of thumb for making judgements on examples and events that 
immediately spring to mind 
 
Bounded rationality the idea that we are restricted by a variety of constraints when making 
decisions 
 
Common-information bias the inclinati...
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Psychology 120 Exam 3 question n answers graded A+
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Psychology 120 Exam 3 
Cognition - correct answer All of the mental activities associated with thinking, knowing, remembering, and communicating 
 
Concepts - correct answer Help simplify thinking through mental grouping or similar objects, events, ideas, or people 
 
Algorithm - correct answer Methodical, logical rule or procedure that guarantees a solution to a problem 
 
Heuristic - correct answer Simpler strategy that is faster than an algorithm, but is prone to more errors 
 
Insight - ...
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UW Psych 202 Final Exam Review Questions & Answers Already Graded A+
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DTI - Shows movement of water in the brain. A connectional scan. 
fMRI - Scans blood flow in the brain. Shows which parts of the brain are active during a task. High 
spatial resolution and poor temporal resolution. 
PET - A type of tracer scan. Shows how organs are functioning. Connectional with a high spatial 
resolution and low temporal resolution 
EEG - Detects electrical activity in the brain. High temporal acuity and low spatial. Also 
correlational. 
MEG - Uses sensors to detect magnetic ...
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WPC 300 QUIZZES TOGETHER LATEST UPDATE GRADED A+
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WPC 300 QUIZZES TOGETHER LATEST 
 
UPDATE GRADED A+ 
 
QUIZ ONE 
 
Gamblers' fallacy is ______________ 
Framing effect bias 
A Zero risk bias 
A clustering illusion 
An endowment effect bias A clustering illusion 
 
When you keep eating the food you don't like precisely because you already bought the food, 
you are committing _______________ 
Endowment effect bias 
Sunk-cost fallacy 
Zero risk bias 
 
Availability heuristics bias Sunk-cost fallacy 
 
________ refers to a bias that causes an i...
As you read this, a fellow student has made another R85
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Psych 105 Midterm questions with correct answers
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Thinking Definition - Answer any mental activity or processing of information, including learning, remembering, perceiving, communicating, believing, and deciding 
 
What is cognitive economy? - Answer The use of heuristics to reduce mental effort while still getting things right most of the time 
 
What are heuristics? - Answer Mental shortcuts, drawn from inferences, to increase thinking efficiency 
 
Can fast and frugal thinking be better than exhaustive analysis? - Answer Yes 
 
What...
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Openstax Psychology Chapter 7 Key Terms and Definitions
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Openstax Psychology Chapter 7 Key Terms and Definitions Algorithm problem-solving strategy characterized by a specific set of instructions Analytical intelligence aligned with academic problem solving and computations Anchoring bias faulty heuristic in which you fixate on a single aspect of a problem to find a solution Artificial concept concept that is defined by a very specific set of characteristics Availability heuristic faulty heuristic in which you make a decision based on information re...
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TEST BANK FOR JUDGMENT IN MANAGERIAL DECISION MAKING 10th EDITION WITH BEST ORGANIZED QUESTIONS AND ANSWERS
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TEST BANK FOR JUDGMENT IN MANAGERIAL DECISION MAKING 10th EDITION WITH BEST ORGANIZED QUESTIONS AND ANSWERS 
 
Chapter 1 Introduction to Managerial Decision Making 
 
 
Multiple choice 
 
 
-	An optimal search for alternatives should last: 
a.	As long as needed to find the best solution. 
b.	As long as needed to find the first good enough solution. 
c.	As long as the cost of the search does not outweigh the value of the added information. 
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PSYCH 101 FINAL EXAM 2022/2023 QUESTIONS WITH VERIFIED ANSWERS
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According to the notion of general intelligence, if Cici is very good at math, how would 
you expect her to do in other subjects, such as writing? ---CORRECT ANSWER--- She 
will perform relatively as well in writing as she does in math. 
Bliss is hooked on a horror television series about serial killers. Based on the number of 
programs that she has watched, she decides that she is likely to be victimized by a 
serial killer and purchases an expensive home security system. Bliss is demonstra...
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Finance API 141: Behavioral Finance: Implications for Financial Management
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Finance API 141: Behavioral Finance: 
Implications for Financial Management 
Multiple Choice Questions 
1. Amy isthe chief financial officer of a retail toy store. Recently,she decided that 
the firm should expand its operations and open two additional stores. Within a 
very brief period, it was obvious that Amy had made a very bad decision in 
opening those stores, given that the economy is in the middle of a severe 
recession. In reflecting back on her decision, Amy realizes that she made a b...
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