b) What kinds of heuristics do humans use to think through complex problems? Give three examples of heuristics and how they each affect judgment.

c) If you are trying to elicit an expert's judgment about the probability of some rare event happening that might affect your project, how might you use the concept of cognitive biases when you employ the expert's answers?

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b Humans often use heuristics or mental shortcuts to simplify complex problems and make decisions more efficiently Here are three examples of common heuristics and how they affect judgment 1 Availabil... View the full answer