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Hi I have these Behavioural Economics questions I need help with. Please explain in detail. 1. Briefly describe the confirmation bias and the halo effect.

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

1. Briefly describe the confirmation bias and the halo effect. How can these affect decisions and, in particular, lead you to jump to conclusions?

2. There are a number of 'heuristics'. What is a heuristic? Discuss an example.

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