Final answer:
The problem-solving technique referred to in the question is the scientific method, a self-correcting and cyclical process involving observation, hypothesis formation, and experimentation.
Step-by-step explanation:
The problem-solving technique mentioned in the student's question is known as the scientific method. This method involves a cyclical process that includes making observations, formulating hypotheses, and conducting experiments. The steps can be matched with everyday problem-solving scenarios, such as initially observing a problem (e.g., an appliance not working), forming a hypothesis (e.g., the electrical outlet might be malfunctioning), and then testing the hypothesis with a controlled experiment, like plugging a different device into the same outlet. If the outlet works, the hypothesis is incorrect, and alternative hypotheses need to be considered.
The scientific method is self-correcting because it allows for the refinement and rejection of hypotheses based on experimental results. It is cyclical as it loops back to observation, hypothesis formulation, and experimentation as new data comes to light. This iterative process is fundamental to scientific inquiry and helps in the continual advancement of knowledge.