Judgment, Decisions Flashcards

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1
Q

Inductive reasoning

A

Drawing general confusion based on specific observations and evidence

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2
Q

Heuristics

A

Mental shortcuts to solve a problem

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3
Q

Availability heuristics

A

How easily an event or solution comes to mind is thought to be probable

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4
Q

Deductive reasoning

A

General to specific

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5
Q

Inductive reasoning

A

Specific to general

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6
Q

Syllogism

A

The basic form of deductive reasoning

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7
Q

Risk aversion

A

Tendency to avoid taking risk

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