What are heuristics and how do they affect our decision-making?
Heuristics are mental shortcuts that help us make decisions quickly. They simplify complex problems but can lead to biases.
Can you give me an example of a heuristic in action?
Sure! The availability heuristic is when we judge the likelihood of events based on how easily examples come to mind, like fearing plane crashes after hearing about one.
Are there any downsides to relying on heuristics?
Yes, while heuristics can speed up decision-making, they can also lead to systematic errors or biases, like overconfidence or stereotyping.
How can we mitigate the negative effects of heuristics?
We can mitigate their effects by being aware of our biases, seeking diverse perspectives, and taking time to analyze decisions more thoroughly.
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