Practice question · Select all that apply
When is intuition a reliable decision input?
Hints
- Intuition is pattern recognition, so the patterns must have been learnable.
- Regularity and quick feedback are what make learning possible.
Show the answer
- A. The domain is stable, with recurring patterns
- B. The decider has long experience in the domain
- C. Past decisions produced fast, clear feedback
Why
Kahneman and Klein’s truce: intuition = recognition, so it needs patterns to have been learnable, experience, regularity, feedback. In genuinely novel situations there is nothing to recognize, only confidence to misplace.
Practise Decision Making
The app has 6 more questions on this lesson, and keeps your place in the course. Business I is free to start.
More questions on Decision Making
- A hiring manager interviews candidates until one clears the bar of "clearly capable," then stops searching.…
- Simon called stopping at the first acceptable option satisficing and treated it as intelligent rather than…
- In the rational model, a decision should account for money already spent so that past investment is not…
- Order the steps of the rational decision model.
- Option A pays 100 with probability 0.5, else 0. Option B pays 40 for sure. Compute the difference EVA - EVB.
- Match each decision model to its signature.