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Analogical reasoning

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Describe the concept of analogical reasoning. Then, considering your last purchase decision, discuss how analogical reasoning could have helped you improve your decision and increase your satisfaction with the product or service that you purchased.

Please help me with this. You can use one of your personal examples, it will give me an idea of what I can use. I need enough information for a 300 word essay. If you have references/citations, those will be helpful. Thank you!

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Analogical reasoning uses comparisons to make decisions. It uses "like" as the basis for these comparisons. Humans think in terms of experience, patterns or associations to known events, products, ideas. Analogical reasoning uses the associations or patterns we know to help make decisions.

For example, when I bought my last vehicle, I wanted to decide first, what type of vehicle to buy. I needed ...

Solution Summary

This solution provides a short discussion on analogical reasoning.

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(Managerial Decision Making) Describe the concept of analogical reasoning

Describe the concept of analogical reasoning. Then, considering your last purchase decision, discuss how analogical reasoning could have helped you to improve your decision and increase your satisfaction with the product or service that you purchased.

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