This document discusses case-based reasoning, which is an approach to solving new problems by adapting solutions from similar past problems. It describes the key components of a case-based reasoning system, including the case base, case representation, and the four-step CBR life cycle of retrieve, reuse, revise, and retain. An example of using CBR for loan approval decisions is provided based on two factors: net monthly income and monthly loan repayment amount. Advantages of CBR being able to quickly propose solutions and not requiring complete domain understanding are contrasted with potential disadvantages of poor old cases, a biased case library, and failure to retrieve the most appropriate case.