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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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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.


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Marked as best answer by itsmyluck on Oct 8, 2020

jrpg123456

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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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