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Hi I have these Behavioural Economics questions I need help with. Please explain in detail. a) What is Bayesian updating? How might a failure to

Hi I have these Behavioural Economics questions I need help with. Please explain in detail.

a) What is Bayesian updating? How might a failure to update optimally influence a criminal investigation?

b) How does hindsight bias affect decision-making?

c) Discuss the planning fallacy, optimistic bias and overconfidence. Can optimism be tamed?

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