reflect on on a time when a cognitive bias from the learning materials influenced your decision making. Use insights from the learning materials, as appropriate, to respond to the questions below. If you cannot come up with a personal example, cite one from public knowledge (history, politics, culture, etc.). For the situation you select, please describe: What happened? Which type of bias did this illustrate? What was the effect of the bias? What can you do to keep yourself from falling prey to that bias again (be specific and concrete!).
reflect on on a time when a cognitive bias from the learning materials influenced your decision making. Use insights from the learning materials, as appropriate, to respond to the questions below. If you cannot come up with a personal example, cite one from public knowledge (history, politics, culture, etc.). For the situation you select, please describe: What happened? Which type of bias did this illustrate? What was the effect of the bias? What can you do to keep yourself from falling prey to that bias again (be specific and concrete!).
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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reflect on on a time when a cognitive bias from the learning materials influenced your decision making. Use insights from the learning materials, as appropriate, to respond to the questions below. If you cannot come up with a personal example, cite one from public knowledge (history, politics, culture, etc.). For the situation you select, please describe:
What happened?
Which type of bias did this illustrate?
What was the effect of the bias?
What can you do to keep yourself from falling prey to that bias again (be specific and concrete!).
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