List - I
(Concept)List - II
(Description)p. Heuristics 1. Judgements made on the basis of specific kind of information that can be brought to mind. q. Representative Heuristics 2. Tendency to use a number of value as a starting point to whom one adopts. r. Availability Heuristics 3. Simple rules for drawing inferences in a rapid and effortless manner. s. Anchoring and Adjustment Heuristics 4. Judgements made on the basis of resemblance of current stimuli to other stimuli.
Codes:
Matching Concepts with Descriptions
This question requires matching four cognitive concepts (Heuristics, Representative Heuristics, Availability Heuristics, Anchoring and Adjustment Heuristics) with their corresponding descriptions.
Detailed Concept Matching
- p. Heuristics are mental shortcuts used for quick decision-making. This matches description 3: "Simple rules for drawing inferences in a rapid and effortless manner."
- q. Representative Heuristics involves judging the likelihood of an event based on how similar it is to a prototype or stereotype. This aligns with description 4: "Judgements made on the basis of resemblance of current stimuli to other stimuli."
- r. Availability Heuristics relies on judging the frequency or probability of an event based on how easily examples come to mind. This corresponds to description 1: "Judgements made on the basis of specific kind of information that can be brought to mind."
- s. Anchoring and Adjustment Heuristics involves starting with an initial piece of information (the anchor) and then adjusting insufficiently from it. This matches description 2: "Tendency to use a number of value as a starting point to whom one adopts."
Final Answer Code
Based on the matching above:
- p matches with 3
- q matches with 4
- r matches with 1
- s matches with 2
This corresponds to the code p-3, q-4, r-1, s-2.
Important Questions from Decision Making
Which of the following common difficulties are faced in making decisions and implementing?
(A) Non-actionable information
(B) Unsupporting environment
(C) Easy acceptance by subordinates
(D) Ineffective communication
(E) Incorrect timing
Choose the correct answer from the options given below
Match List - I with List - II.
List - I
Decision Rule
List - II
Rationale for applying the decision Rule to Down App.
(A)
Conjunctive
I)
"I bought the Smartphone App with the highest over all railing".
(B)
Disjunctive
(II)
"I down loaded the Smartphone App that had the most downloads".
(C)
Affect Referred
(III)
"I selected the Smart Phone App that had no bad features".
(D)
Majority vote
(IV)
"I picked the Smart Phone App that excelled in at least one attribute ".
Choose the correct answer from the options given below:
- Who pioneered the concept of "Fight or Flight situation" as stress survival trait ?
- An economic decision in the family deals with :
(i) Multiple goals
(ii) Single goal
(iii) Multiple values
(iv) Scarce resources
code : - Arrange in correct sequence the steps involved in decision-making :
I. Selecting the best alternative
II. Identifying the problem
III. Searching alternative solutions
IV. Thinking through alternatives
V. Feedback
