The term "intuition-based judgment" as applied to the example of a patch of lily pads doubling in size each day refers to:

Group of answer choices

the effect of health insurance on individual and household consumption decisions.

the limitations that cognitive bias in the brain places on economic decision making.

a preference reversal that depends on whether an outcome is presented as risk-averse or risk-seeking.

the effect of fast versus slow cognitive systems in the brain on health behaviors.