Match the term to the appropriate definition or example:
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A.) Decision Heuristics = When people instantly act based on prior knowledge.
Why? Heuristics in judgement is when people take mental shortcuts by finding parts of a decision that is familiar and making the decision based off that single part without the entire issue.
B.) Decision-Making - A commitment to a course of action.
Why? You DECIDE to commit to MAKING an action.
C.) Decision-Theoretic Approach = When we assign "utilities" to the different outcomes of a decision.
Why? Going through each outcome possible and considering what the "optimal decision" could be, given a set of uncertain beliefs and values.
D.) Naturalistic Decision Making = Help explain patterns of human judgement.
Why? This is how people naturally make decisions; by only observing and not interfering with a lab environment, natural patterns of decision making will emerge, and by comparing the "optimal decision" with the observed decision by real people, this helps explain how people decide a particular outcome.
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Indicate whether the statement is true or false
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