Which of the following from the book Thinking Fast and Slow describes System 1 Thinking?
A. complex thinking that demands mental effort, including complex calculations
B. rational decision-making
C. automatic and effortless decision making that is often involuntary
D. satisficing
C. automatic and effortless decision making that is often involuntary
You might also like to view...
What is vertical analysis, and why is it useful in performing financial performance measurement?
Persuasive claim or complaint messages may involve damaged products, mistaken billing, inaccurate shipments, warranty problems, limited return policies, insurance snafus, or faulty merchandise
Indicate whether the statement is true or false
A quasi contract is another name for an oral contract
a. True b. False Indicate whether the statement is true or false
A firm arranged for a 120-day bank loan at an annual rate of interest of 10 percent. If the loan is for $100,000, how much interest in dollars will the firm pay? (Assume a 360-day year.)
A) $10,000 B) $30,000 C) $3,333 D) $1,000