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Masnick, Amy M.; Morris, Bradley J. – Education Sciences, 2022
Data reasoning is an essential component of scientific reasoning, as a component of evidence evaluation. In this paper, we outline a model of scientific data reasoning that describes how data sensemaking underlies data reasoning. Data sensemaking, a relatively automatic process rooted in perceptual mechanisms that summarize large quantities of…
Descriptors: Models, Science Process Skills, Data Interpretation, Cognitive Processes
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Lu, Yun; Vasko, Francis J.; Drummond, Trevor J.; Vasko, Lisa E. – Mathematics Teacher, 2014
If the prospective students of probability lack a background in mathematical proofs, hands-on classroom activities may work well to help them to learn to analyze problems correctly. For example, students may physically roll a die twice to count and compare the frequency of the sequences. Tools such as graphing calculators or Microsoft Excel®…
Descriptors: Probability, Mathematical Logic, Validity, Heuristics
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Pinder, Jonathan P. – Decision Sciences Journal of Innovative Education, 2013
Recent developments in agent-based modeling as a method of systems analysis and optimization indicate that students in business analytics need an introduction to the terminology, concepts, and framework of agent-based modeling. This article presents an active learning exercise for MBA students in business analytics that demonstrates agent-based…
Descriptors: Active Learning, Business Administration Education, Graduate Students, Masters Programs
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Bhattacharyya, Pratip; Chakrabarti, Bikas K. – European Journal of Physics, 2008
We study different ways of determining the mean distance (r[subscript n]) between a reference point and its nth neighbour among random points distributed with uniform density in a D-dimensional Euclidean space. First, we present a heuristic method; though this method provides only a crude mathematical result, it shows a simple way of estimating…
Descriptors: Heuristics, Computation, Probability, Physics
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Yalamova, Rossitsa – American Journal of Business Education, 2010
A heuristic approach to explaining of the Black-Scholes option pricing model in undergraduate classes is described. The approach draws upon the method of protocol analysis to encourage students to "think aloud" so that their mental models can be surfaced. It also relies upon extensive visualizations to communicate relationships that are…
Descriptors: Heuristics, Models, Teaching Methods, Undergraduate Students
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Pachur, Thorsten; Hertwig, Ralph – Journal of Experimental Psychology: Learning, Memory, and Cognition, 2006
The recognition heuristic is a prime example of a boundedly rational mind tool that rests on an evolved capacity, recognition, and exploits environmental structures. When originally proposed, it was conjectured that no other probabilistic cue reverses the recognition-based inference (D. G. Goldstein & G. Gigerenzer, 2002). More recent studies…
Descriptors: Heuristics, Recognition (Psychology), Primacy Effect, Inferences
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Brandstatter, Eduard; Gigerenzer, Gerd; Hertwig, Ralph – Psychological Review, 2006
Bernoulli's framework of expected utility serves as a model for various psychological processes, including motivation, moral sense, attitudes, and decision making. To account for evidence at variance with expected utility, the authors generalize the framework of fast and frugal heuristics from inferences to preferences. The priority heuristic…
Descriptors: Heuristics, Decision Making, Models, Psychological Patterns