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 90 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
:D TYSM

AmberC1996

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Explaining “Moving Continents”— The Theory of Plate Tectonics Explaining “Moving Continents”— The Theory of Plate Tectonics
The Elastic Rebound Theory The Elastic Rebound Theory
Descartes’ Theory Descartes’ Theory
Applying Signal Detection Theory Applying Signal Detection Theory
Feast-making spoon (Wunkirmian). Liberia/IvoryCoast. Feast-making spoon (Wunkirmian). Liberia/IvoryCoast.
Making Low-Fat Choices Making Low-Fat Choices
Video: Activation Energy - Valence Electrons

For a complete list of videos, visit our video library