Question: Match the definitions to the terms / concepts . Group of answer choices When information is arranged in a way that makes some decisions more
Match the definitions to the termsconcepts
Group of answer choices
When information is arranged in a way that makes some decisionsmore likely than others.
Availability Heuristic
Asituation in which an individual has already invested muchmoney time, or effort and, therefore, decides to continue in this situation becauseof the money, time, or effort that has already been invested.
Cognitive nudge
A problemsolving or decisionmaking procedure that will alwaysyield the solution to a particular problem if it is followed exactly.
Algorithm
A decisionmaking rule of thumb that is used whenestimates of frequency or probability are made based on the ease with whichinstances come to mind; for example, many college students believe that thereare more professors in America than farmers because they can think of moreprofessors whom they know than farmers.
Entrapment
When the level of knowledge is low, people decide thattowns teams, or people whose names they recognize are more likely to havepositive outcomes than ones they have never heard of
Recognition Heuristic
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