Standard Contract
Heuristics are common understandings, which are mental shortcuts that spare the brain from expending energy on the hard mental work of analyzing facts and information. Many heuristics are truisms that people have decided are correct, regardless of whether they actually are correct. For example, the description of âa standard contract.â For the lay person, it likely brings to mind a written agreement that contains benign and accepted terms. In other words, nothing to be concerned about.