Rules of thumb that simplify decision making are known as:
A)heuristics
B)prior hypothesis bias
C)representative bias
D)illusion of control and overconfidence bias
E)systematic errors

Question

Quizplus · Accepted Answer

Heuristics are mental shortcuts that simplify decision making. These rules of thumb can be helpful, but they can also lead to errors in thinking and decision making.

Rules of Thumb That Simplify Decision Making Are Known As