Describe the fast-and-frugal heuristics

What will be an ideal response?


The take-the-best heuristic belongs to a class of heuristics called fast-and-frugal heuristics (FFH). As the name implies, this class of heuristics is based on a small fraction of information, and decisions using the heuristics are made rapidly. These heuristics set a standard of rationality that considers constraints, including, time, information, and cognitive capacity. Furthermore, these models consider the lack of optimum solutions and environments in which the decision is taking place. As a result, these heuristics provide a good description of decision making during sports. Fast-and-frugal heuristics can form a comprehensive description of how people behave in a variety of contexts. These behaviors vary from lunch selections to how physicians decide whether to prescribe medication for depression, to making business decisions.

Education

You might also like to view...

Do not schedule more than __________ interview(s) on the same day

a. one b. two c. three d. four

Education

________ is the actual behavior of producing a language code by making appropriate vocal sound patterns

Fill in the blank(s) with correct word

Education

Answer the following statement(s) true (T) or false (F)

A good multiple-choice achievement test should discriminate between those who know the material and those who do not.

Education

Which of the following best describes the characteristics of an effective school?

a. Effective schools are those that meet the learning needs of the students who attend them. b. An effective school is in a suburban setting with children who come to school prepared and ready to learn. c. An effective school is evident by the types of children that attend the school and their socioeconomic status. d. An effective school is one in which the building provides numerous resources.

Education