Explain Heuristics. Can They Be Both Positive and Negative

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The Answer is Heuristics refers to simple rules,or guidelines,- shortcuts - that people use to make decisions that are very complex. Because of limited rationality,people tend to use mental shortcuts to try to understand complex situations.
Heuristics can be both positive and negative. If the simple rule that one uses to make a decision in a complex situation reasonably accurately reflects the situation,then following the shortcut,or heuristic,in that situation would probably lead to a good decision. On the other hand,by being shortcuts,heuristics may miss very important things in a situation. If that is the case,then it could be very risky to use heuristics. Serious mistakes could be made.

Explain Heuristics. Can They Be Both Positive and Negative

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Explain Heuristics. Can They Be Both Positive and Negative

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