Heuristics are a mental shortcut in the problem solving and decision-making processes. While heuristics can speed up the decision-making process, they can produce errors. Availability, anchoring, and representative heuristics are three types of heuristics in this module.
1. Explain availability heuristic, anchoring heuristic, and representative heuristic (in your own words)
2. Give an example of a problem that you face in everyday life that lends itself to the use of heuristics. Explain how you solved the problem through the use of one of the heuristic mentioned in example one. (BE SPECIFIC so I can evaluate your understanding of heuristics).
3. Of the three types of heuristics we discussed in this module, which type have you used most frequently – or which do you think you will use most in the future? Why?