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Business
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| Number of pages / Number of words: |
3 / 705 |
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I also determined that there were 8 paths in Structure A, which I figured was more than what Structure B offered. My judgment is a violation of availability heuristics in that I based my answer on what came to my mind rather than try to figure out other alternatives.
In Activity #4, my answer (Top 20%) was based on a nonregressive prediction heuristic because I didn't adjust for the high school scores being only moderately predictive of GPA (Plous, 1993, p...
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116).
Heuristic principles can be helpful when quick, routine decisions need to be made or when there is not enough information to analyze or to even complement an analysis. When using heuristics, it is important to remember that any resulting response is based on a guess, which could lead to critical errors in judgment...
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