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home / study / business / economics / economics questions and answers / analyze the following...

home / study / business / economics / economics questions and answers / analyze the following assessment of cognitive bias. recognize the bias, categorize the bias, ... Question: Analyze the following assessment of cognitive bias. Recognize the bias, categorize the bias, prov... Analyze the following assessment of cognitive bias. Recognize the bias, categorize the bias, provide a thoughtful assessment of the bias and discuss how you could avoid them (Source: PwC). Do you consider yourself an above average driver? Have you sat through a movie you did not like? Do you use your mobile data after you have reached the data limit? Do you pay the minimum or full amount of your credit card bill? Did you spend your limited resources on an activity you knew you could not afford? What directed you towards making this decision? Discuss your business decision making experiences (or observed decision making ) where your current learning offers important insights into human behavioral biases.

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