When should I use heuristics in decision-making?

When should I use heuristics in decision-making?

Heuristics are useful when you need to make quick decisions with limited information. They simplify complex problems.

Can you give me an example of a heuristic?

Sure! The availability heuristic is when you judge the likelihood of an event based on how easily examples come to mind.

Are there any downsides to using heuristics?

Yes, while heuristics can speed up decision-making, they can also lead to biases and errors if not used carefully.

How can I avoid biases when using heuristics?

To avoid biases, be aware of your assumptions, seek diverse perspectives, and validate your decisions with data when possible.