Final answer:
True, Type 1 heuristics are often used even when given an incentive for accuracy, as they serve as mental shortcuts that can be influenced by cognitive biases, leading to less optimal decisions.
Step-by-step explanation:
True, Type 1 heuristics can often be used even when given an incentive for accuracy. Heuristics serve as mental shortcuts, such as a "rule of thumb", to simplify decision-making processes. These cognitive tools save time and effort but may not always lead to the most rational outcomes. Conditions prompting heuristic use include complexity or an overwhelming amount of information. Cognitive biases, such as confirmation bias and anchoring bias, are examples of where heuristics can lead to less optimal decisions, as these biases reveal the tendency to make judgments based on readily available information or pre-existing stereotypes rather than undertaking a rigorous analysis. Thus, even with an incentive to be accurate, individuals might still default to Type 1 heuristics, influenced by biases.