ST2 - Why Heuristics Work Part 2

Question 1

What is the recognition heuristic?

Answer 1

If one of two objects is recognized and the other is not, then infer that the recognized object has the higher value with respect to the criterion

Question 2

What is the Fluency heuristic?

Answer 2

if one of two items is processed more fluently, more easily, or more quickly, then it is inferred to have the higher value with respect to a given criterion

Question 3

What is the take the best heuristic?

Answer 3

Once a cue is found that discriminates between the alternatives, the decision is made based on that cue alone, without considering further cues.

Question 4

What is the tallying heuristic?

Answer 4

the decision is made based on the simple sum or count of favorable cues, without considering their individual validity or importance.

Question 5

What is the satisficing heuristic?

Answer 5

A decision-making strategy in which the first option that meets a given threshold or minimum criterion is selected, rather than searching exhaustively for the optimal solution

Question 6

What is the 1/N equality heuristic?

Answer 6

A decision-making strategy in which an individual equally divides resources or efforts among N options, rather than attempting to optimize the distribution based on expected outcomes or other criteria.

Question 7

What is the Default heuristic?

Answer 7

if there is a default, do nothing

Question 8

What is the Tit-for-tat heuristic?

Answer 8

A strategy often used in repeated games or interactions where an individual starts by cooperating and then mimics the previous action of the other player.