Since Edwin is very pressed for time,he is going to make a decision as to which piece of equipment to buy based on the information that he has available now.This is known as the availability bias.

Question

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The availability bias refers to the tendency to make decisions based on the information that is readily available, rather than considering all of the available options. In this case, Edwin is using the information he has available to make a decision about which piece of equipment to buy, which is an example of the availability bias.

Since Edwin Is Very Pressed for Time,he Is Going to Make