A. Professor Dan Ariely demonstrates a cognitive bias in his Economist.com example that was also discussed in a class lecture. What is this specific cognitive bias? B. Provide a detailed description of the cognitive bias you listed in A. C. Do you think your decisions have ever been influence by this cognitive bias? Explain why or why not.

https://www.youtube.com/watch?v=9X68dm92HVI

The specific cognitive bias is the decoy effect.

Decoy effect definition: occurs when choosing between two alternatives, the addition of a third, less attractive option (the decoy) can influence our perception of the original two choices."