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Author Question: Why do we make so many errors in decision making, according to the theory of bounded rationality? (Read 93 times)

itsmyluck

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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
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Marked as best answer by itsmyluck on Oct 8, 2020

jrpg123456

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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.
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itsmyluck

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Reply 2 on: Oct 8, 2020
Excellent

6ana001

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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