Answered

Get expert insights and community-driven knowledge on IDNLearn.com. Discover reliable and timely information on any topic from our network of experienced professionals.

The financial crisis of 2008 demonstrated the flaw in a bottom-up detailed approach to calculating risk. There are too many individual judgments that can be biased. Banks and bank regulators instead use a rule of thumb that bank capital should be 8-10 percent of the balance sheet. That is, managers rely on.

Sagot :

Martebiidn

People often rely on different things. The managers in the above scenario rely on heuristic.

What is a heuristic approach?

A heuristic can also be said to be an heuristic technique. This is known to be a kind of an approach that is used for problem-solving.

Here, practical method or different shortcuts is used so as to proffer or give solutions that sometimes is not  optimal but said to be sufficient due to the limited deadline of action.

See options below

A. rational decision making

B. a heuristic.

C. intuitive decision making

learn more about heuristic from

https://brainly.com/question/8782999

Your participation is crucial to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. Thank you for choosing IDNLearn.com. We’re here to provide reliable answers, so please visit us again for more solutions.