What are heuristics?

Prepare for the ASU MGT300 Exam 2 on Management and Leadership. Practice with flashcards and multiple-choice questions, each with hints and explanations. Get exam ready!

Heuristics are mental shortcuts that allow individuals to make quick judgments and decisions with minimal cognitive effort. They are valuable in situations where speed is more important than thoroughness, enabling people to form conclusions or make decisions rapidly based on limited information. This approach often relies on prior experiences or general rules of thumb that simplify the decision-making process.

The other options represent different approaches to problem-solving and decision-making that do not align with the concept of heuristics. Complex algorithms involve systematic and detailed calculations, which contrast with the simplicity of heuristics. Formal procedures suggest structured methods for addressing routine problems, indicating a more methodical approach. Creative strategies for imaginative thinking imply a divergent process that seeks novel solutions, differing from the straightforward assessment heuristics provide. Thus, the essence of heuristics lies in their ability to streamline decision-making through simplification rather than complexity or creativity.

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