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Microeconomics 20th Edition by McConnell, Sean Flynn, Stanley Brue
Edition 20ISBN: 978-1308221281Microeconomics 20th Edition by McConnell, Sean Flynn, Stanley Brue
Edition 20ISBN: 978-1308221281 Exercise 5
For each of the following cognitive biases, come up with at least one example from your own life.
a. Confirmation bias.
b. Self-serving bias.
c. The overconfidence effect.
d. Hindsight bias.
e. The availability heuristic.
f. The planning fallacy.
g. Framing effects.
a. Confirmation bias.
b. Self-serving bias.
c. The overconfidence effect.
d. Hindsight bias.
e. The availability heuristic.
f. The planning fallacy.
g. Framing effects.
Explanation
Verified
Verified
a.
Confirmation bias:
Confirmation bia...
Microeconomics 20th Edition by McConnell, Sean Flynn, Stanley Brue
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