Asked by Jeremy Quinonez on May 12, 2024

verifed

Verified

Strategies, such as framing, that are used for simplifying decision making are known as ___.

A) algorithmics
B) statistics
C) data mining
D) optimizing strategies
E) heuristics

Decision Making

The cognitive process of selecting a course of action among multiple alternatives, often based on a systematic evaluation.

Framing

This is the process of constructing a viewpoint or perspective in communication, influencing how information is interpreted and understood.

Heuristics

Mental shortcuts or "rules of thumb" that simplify decision-making processes, often utilized when making judgments under uncertainty.

  • Gain insight into the notion of heuristics and the ways they facilitate the decision-making procedure.
verifed

Verified Answer

HS
HARMANPREET SINGHMay 16, 2024
Final Answer :
E
Explanation :
Heuristics are mental shortcuts or simplified strategies used to make decisions. Framing is one popular heuristic where individuals make a decision based on the way the decision is presented or framed to them. Option A, B, and D refer to specific methods or techniques that can be used to analyze data or optimize decisions, but do not specifically relate to simplifying decision making. Option C, data mining, involves analyzing large sets of data to uncover patterns, relationships, or insights. This may help in decision making but is not a simplification strategy in itself.