Listed on the table below are some common biases. For the five decision biases described, generate your own example where you were biased, you experienced bias, or you observed bias. As a group, you will plan strategies to minimize bias.

• Framing: Deliberate presentation of a situation to impact your decision

• Bias blind spot: Underestimating your own bias and overestimating the bias of others

• Confirmation bias: Evaluate new information in order to confirm existing beliefs and decisions

• Escalation of commitment: Once committed to a decision, difficult to change your mind because of the sunk costs with pursuing the decision

• Hindsight bias: Remembering events as if we already predicted them As A GrOup LO.1