Asked by
alejandra garcia
on Oct 24, 2024Verified
Responses to uncertain environments seldom involve intuition, educated guesses, or hunches.
Intuition
The ability to understand something immediately, without the need for conscious reasoning, a "gut feeling."
Educated Guesses
Assumptions based on knowledge, experience, and logical reasoning, but without absolute certainty.
Hunches
Intuitive feelings or guesses without conscious reasoning, often based on experience.
- Understand the complexity and various types of decision-making environments.
- Acknowledge the impact of psychological biases on decision-making processes.
Verified Answer
IV
Learning Objectives
- Understand the complexity and various types of decision-making environments.
- Acknowledge the impact of psychological biases on decision-making processes.
Related questions
Threats to a Brand or the Firm's Reputation Are Referred ...
The Availability Heuristic Involves Assessing a Current Event Based on ...
The Representativeness Heuristic Bases a Decision on Similarities Between the ...
Michael Has to Choose an Online Course to Improve His ...
Rosa Is in the Process of Buying a Television at ...