Judgment, Decisions Flashcards
1
Q
Inductive reasoning
A
Drawing general confusion based on specific observations and evidence
2
Q
Heuristics
A
Mental shortcuts to solve a problem
3
Q
Availability heuristics
A
How easily an event or solution comes to mind is thought to be probable
4
Q
Deductive reasoning
A
General to specific
5
Q
Inductive reasoning
A
Specific to general
6
Q
Syllogism
A
The basic form of deductive reasoning
7
Q
Risk aversion
A
Tendency to avoid taking risk