This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Why do we make so many errors in decision making, according to the theory of bounded rationality? (Read 98 times)

itsmyluck

  • Hero Member
  • *****
  • Posts: 546
on: Oct 8, 2020

Question 1

Why do diagrams sometimes facilitate problem solving?

◦ They aid in the search for analogies.
◦ They change the representation of the problem.
◦ They make it easier to execute algorithms.
◦ They relax constraints on problem solutions.

Question 2

Why do we make so many errors in decision making, according to the theory of bounded rationality?

◦ Our brains have evolved to solve problems that are different from many of the problems we currently face in our modern environment.
◦ We are incapable of actually considering all the factors necessary to make an optimal decision.
◦ We have poor mathematical abilities, and so we miscalculate risks and benefits.
◦ We are far too affected by our emotions to make difficult decisions.
Psychology: Themes and Variations ¦ Weiten, McCann ¦ 5th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by itsmyluck on Oct 8, 2020

jrpg123456

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Oct 8, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


itsmyluck

  • Member
  • Posts: 546
Reply 2 on: Oct 8, 2020
Gracias!

cpetit11

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Some uses of recombinant DNA technology for making improved vaccines Some uses of recombinant DNA technology for making improved vaccines
This modified model of Easton’s systems theory puts government decision makers as the source of pol This modified model of Easton’s systems theory puts government decision makers as the source of pol
Having a time zone map located near the telephone will assist you when making long distance calls ou Having a time zone map located near the telephone will assist you when making long distance calls ou
The Making of Black Harlem The Making of Black Harlem
The Triangular Theory of Love The Triangular Theory of Love
What type of errors are these: calling only large dogs a dog and calling a dog a kitty? What type of errors are these: calling only large dogs a dog and calling a dog a kitty?
Video: Virtual Enzyme Kinetics & Lineweaver Burk Plot

For a complete list of videos, visit our video library