Gerd Gigerenzer focused on the fast and frugal properties of heuristics, i.e., using heuristics in a way that is principally accurate and thus eliminating most cognitive bias. Heuristics â like the recognition heuristic or the take-the-best heuristic â are viewed as special tools that tackle specific tasks (e.g., binary choice) under conditions of uncertainty and are organized in an adaptive toolbox.
Lenovo has announced the launch of A7000 smartphone in India at a price of Rs. 8,999.
It found that the average price of a smartphone in China was 1,100 yuan (US$175) - 935 yuan for a domestic brand or 1,765 yuan for an international brand. Chinese brands like Xiaomi, Huawei and Lenovo are now starting to target the mid- to high-end market, Yang said.