What are heuristic models and how do they differ from


Heuristic Models of Risky Decision Making

  1. What are heuristic models and how do they differ from models such as Expected Utility Theory?
  2. Develop a heuristic model of decision making for problem 5. Make sure to say which option your heuristic model produces.

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Business Economics: What are heuristic models and how do they differ from
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