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Explain the Flaws and biases in decision making.

Explain the Flaws and biases in decision making.

Answers

Kavungya
- Confirmation bias – the tendency to search for and use information that supports our ideas rather than refutes them.
- Belief perseverance – the tendency to hold on a belief in the face of contradictory evidence.
- Overconfidence bias – tendency to have more confidence in our major judgments and decisions than we should based on the relative frequency of correct answers.
- Hindsight bias – tendency to falsely report after the fact that we accurately predicted an event.
- Availability heuristic – we make judgment about the probability of an event by recalling the frequency of the event’s past occurrences.
Kavungya answered the question on May 8, 2019 at 08:57

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