Decision Making

How an issue is framed has an effect on decision making.

Evaluating alternative options and choosing one option among them is called the theory of bounded rationality.

If someone is making a decision using the additive strategy, he or she would eliminate alternatives based on their attributes.

Recent scientific research was released about global warming and climate change. Both defendents and opponents of the theory of global warming saw the information as supporting their own beliefs. Both sides fell victim to __________.

Fast and frugal heuristics allow one to make quick decisions with limited information.

The abundance of choices available to people when making a decision can cause them to feel overwhelmed.

When does the confirmation bias occur?

Belief bias may cause one to make invalid conclusions seem valid or vice versa.

The availability and representativeness heuristics are not useful and should be entirely avoided.

What does the subjective utility of a decision involve?