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What is Understanding Cognitive Biases in Decision-Making about?

The availability heuristic is a mental shortcut that relies on immediate examples that come to mind. People tend to heavily weigh their judgements toward more recent information, making new opinions biased toward the latest news. The availability of consequences associated with an action is positively related to perceptions of the magnitude of the consequences. Similarly, representativeness heuristic occurs when we classify something according to its similarity to a typical case. Anchoring bias arises when

Author

Davut Abdullah

Language

EN