Use the Internet to obtain information about the following decisionmaking errors. For each error write two sentences
Question:
Use the Internet to obtain information about the following decisionmaking errors. For each error write two sentences about
(a) what the error is,
(b) why it is important and
(c) an example:
• availability heuristic
• base rate fallacy
• loss aversion
• peak-end rule
• representativeness heuristic
• simulation heuristic
• status quo bias
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