Asked by Emily Cheng on May 30, 2024

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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.
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DC
DaBapes ChoirJun 02, 2024
Final Answer :
A
Explanation :
Satisficing is the process of searching for and selecting an option that is satisfactory or "good enough" rather than aiming for the best possible outcome. It allows for quicker decisions and is often used in situations with limited time or resources. The other options, availability heuristic, representative heuristic, and maximizing, are different decision-making strategies.