Using Heuristics to Make Better Decisions

Posted on December 15, 2009

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Wikipedia:

Heuristic (pronounced /hjʊˈrɪstɨk/, from the Greek “Εὑρίσκω” for “find” or “discover”) is an adjective for experience-based techniques that help in problem solving, learning and discovery. A heuristic method is particularly used to rapidly come to a solution that is hoped to be close to the best possible answer, or ‘optimal solution’. Heuristics are “rules of thumb”, educated guesses, intuitive judgments or simply common sense. A heuristic is a general way of solving a problem. Heuristics as a noun is another name for heuristic methods.

 

Reference article.

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