**Explanation:**

**Concurrent Verbalization** is a technique used in cognitive psychology to study problem-solving processes. It involves the participant thinking aloud and verbalizing their thoughts as they work on a task or solve a problem. This technique allows researchers to gain insight into the participant's thought processes and the strategies they use to solve the problem.

**Erikson and Simon**, two prominent cognitive psychologists, used concurrent verbalization as a method to study problem-solving and decision-making. They believed that by listening to the participant's verbalizations, they could understand and analyze the cognitive processes involved in problem-solving.

**Thinking aloud**, also known as concurrent verbalization, is the process of verbalizing one's thoughts as they occur. It involves expressing thoughts, ideas, and mental processes out loud, allowing researchers to capture the participant's internal dialogue.

**Benefits of Concurrent Verbalization:**

1. **Insight into Thought Processes:** Concurrent verbalization provides researchers with valuable insights into the participant's cognitive processes. By listening to their verbalizations, researchers can understand the strategies and mental representations used to solve a problem.

2. **Identification of Cognitive Biases:** Verbalizing thoughts can help participants become more aware of their cognitive biases, such as confirmation bias or anchoring bias. This awareness allows them to reflect on their thought processes and potentially overcome these biases.

3. **Error Detection:** Verbalizing thoughts in real-time can help participants detect errors or flaws in their thinking. By externalizing their thoughts, they can identify inconsistencies or faulty reasoning, leading to more accurate problem-solving.

4. **Metacognitive Reflection:** Concurrent verbalization promotes metacognitive reflection, as participants are encouraged to reflect on their own thought processes while solving a problem. This metacognitive awareness can lead to improved problem-solving skills and the development of more effective strategies.

**Conclusion:**

Concurrent verbalization, also known as thinking aloud, is a technique used by Erikson and Simon to study problem-solving processes. By verbalizing their thoughts as they work on a task, participants provide researchers with valuable insight into their cognitive processes, strategies, and decision-making. This technique has been widely used in cognitive psychology to gain a deeper understanding of how individuals solve problems and make decisions.