Describe three situations in which people use rules of thumb


Problem

Describe three situations (not including the examples given in the text) in which people use rules of thumb to make complex decisions. What rules do they tend to use? Do those rules strike you as reasonable? Why or why not?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Describe three situations in which people use rules of thumb
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