Question

35 Which of the following does our mind use to make decisions more quickly and easily than if we labor over every choice?

Heuristics.

Hyperbolic discounting.

Procrastination.

Behavioral economics.

32 Which of the following refers to the difference between the asset and liability?

Depreciating asset.

Equity.

Appreciating asset.

Liquidity.

16 What percent of the time did the stock market generate a positive annual return from 1824 to 2013?

Group of answer choices

62%.

47%.

33%.

71%.

Answer 1

35. Heuristics are used by our mind to make decisions more quickly and easily than if we labor over every choice.

Heuristics are shortcuts used by mind for quick problem solving in complex cases. It is a flexibility technique for quicker decision making.

Hyperbolic discounting and behavioral economics does not have anything to do with quick decision making and Procrastination is an act of postponing decision making.

Correct answer would be option (A) Heuristics.