Blas in decision making Select THREE cognitive biases and find additional source

Question

Blas in decision making Select THREE cognitive biases and find additional sources of information. For EACH bias, describe a situation where you fell prey to the bias. Then describe when you think someone else may have used the same bias in making a decision or forming a belief. You need to discuss 3 separate biases, and include 2 examples for each bias. Plan on at least one substantial paragraph for each bias. Include links to sources after each paragraph Comment on the posts of two other students. 20 COGNITIVE BIASES THAT SCREW UP YOUR DECISIONS 1. Anchoring bias 2. Availability heuristic. 3. Bandwagon effect. 4. Blind-spot bias People are over-reliant on the first piece of information they hear. In a salary negotiation, whoever makes the first offer establishes a range of reasonable possibilities in each person's mind. People overestimate the importance of information that is available to them. A person might argue that smoking is not unhealthy because they know someone who lived to 100 and smoked three packs a day The probability of one person adopting a belief increases based on the number of people who hold that belief. This is a powerful form of groupthink and is reason why meetings are often unproductive Failing to recognize your own cognitive biases is a bias in itself. People notice cognitive and motivational biases much more in others than in themselves. 5. Choice-supportive bias 6. Clustering illusion 7. Confirmation bias. 8. Conservatism bias When you choose something, you tend to feel positive about it, even if that choice has flaws Like how you think your dog is awesome- even if it bites people every once in a while. This is the tendency to see patterns in random events It is key to various gambling fallacies, like the idea that red is more or less likely to turn up on a roulette table after a string of reds We tend to listen only to information that confirms our preconceptions - one of the many reasons it's so hard to have an intelligent conversation about climate change Where people favor prior evidence over new evidence or information that has emerged People were slow to accept that the Earth was round because they maintained their earlier understanding that the planet was flat.

Explanation / Answer

Anchoring bias- I mostly fall prey to anchoring bias, I somehow immediately get attracted to first friends or something first and not ready to wait for the next, or do not have patience. For these I have also suffered because of not waiting for what I want, or what I deserve.

Choice supportive bias - I am absolutely sure of my choice and iam very even at Tim over optimistic about it. I amvery sureand awaya think that my choice doesn't goes wrong. I hve faced this while choosing graduation subject, while choosing my college.

availablii heuristics. I also fall prey to this bias. I tend to over smart estimate info available on internet. This happend with me when I was pregnant, I read a lot on net and over thought about it. This has happened with me while reading about cough and cold when my child faced, and readind more about it. When I could have worked on it on my own

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