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2. Discuss the following heuristic-driven biases and cognitive errors: (a.) Representativeness (b.) Overconfidence (c.) Anchoring (d.) Aversion to ambiguity (e.) Innumeracy 3. How do people
2. Discuss the following heuristic-driven biases and cognitive errors: (a.) Representativeness (b.) Overconfidence (c.) Anchoring (d.) Aversion to ambiguity (e.) Innumeracy
3. How do people value gains/losses according to the prospect theory?
4. What is mental accounting, and what are its common manifestations?
5. Discuss the salient features of the pyramid of the behavioral portfolio.
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