Q: In retrospect, do you think your choice of alternative was shaped
In retrospect, do you think your choice of alternative was shaped by any of the cognitive biases discussed in this chapter?
See AnswerQ: Criticisms of the EMH and the rational market theory were arising as
Criticisms of the EMH and the rational market theory were arising as far back as the early 1970s. These critics were noting events that could not be explained by the EMH. These unexplainable results w...
See AnswerQ: Biases like motivated reasoning and surrogation are very prevalent in the business
Biases like motivated reasoning and surrogation are very prevalent in the business world. Managers are often compensated and evaluated based on performance measures such as production costs and profit...
See AnswerQ: Explain why it is important to understand cognitive biases in decision making
Explain why it is important to understand cognitive biases in decision making. Identify at least three techniques used to mitigate cognitive biases in practice.
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