What are the two categories of cognitive biases identified by behavioral economists? unevolved capacity for solving modern problems and faulty heuristics. bad information and lack of impulse control. lack of intellect and mental disorders. inability to reason and inability to delay gratification?

Question

Karson Greer

Social Studies

17 October, 23:15

What are the two categories of cognitive biases identified by behavioral economists? unevolved capacity for solving modern problems and faulty heuristics. bad information and lack of impulse control. lack of intellect and mental disorders. inability to reason and inability to delay gratification?

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Edward Cross · Answer 1

I believe the answer is: Unevolved capacity for solving modern problems and faulty heuristics

Unevolved capacity for solving modern problems refers to the unability to utilize the development of new knowledge and technology to handle a problem better compared to what people do in the past.

faulty heuristics refers to the tendency to ignore complex reasoning for a problem and choose to see it in overly simplistic way.