Final answer:
Angie and Brad's consideration of a wood house given certain advantages, despite a preference for brick, is an example of the Compensatory model in decision-making, as they evaluate the trade-offs between different options.
Step-by-step explanation:
In the scenario where Angie and Brad are considering whether to buy a wood house if it meets certain criteria despite their initial preference for a brick house, they are using a decision-making process known as the Compensatory model. This model allows for a trade-off between the negative and positive attributes of different choices. Since Angie and Brad are willing to consider a non-brick house if it comes with other advantages like a good school district and reasonable pricing, they are essentially compensating the lack of their preferred brick exterior with other attractive features. This is distinct from heuristics, such as the availability heuristic or the representative heuristic, which simplify decision-making by relying on easily recalled information or stereotypes, and is different from confirmation bias, which is favoring information that aligns with pre-existing beliefs.