Discussion
What is the term for the 'rule of thumb' type of bias in decision making?
Answer: D
Correct answer: Heuristics
A heuristic is a rule of thumb that shortens a judgement by substituting an easy question for a hard one. It usually works, which is why it persists, and its failures are systematic rather than random - which is what makes availability, representativeness and anchoring predictable biases rather than mere carelessness.
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