Decision making is often a biased and flawed process. If a person can identify and be aware of their biases, they may be able to make better decisions for themselves and may be able to diagnose flawed decisions that affect their workplace There are nine fundamental biases that impact how people process information when making decisions. These include: (1) availability (2) representativeness, (3) confirmation, (4) sunk cost, (5) anchoring and adjustment, (6) overconfidence, (7) hindsight, (8) framing, and (9) escalation of commitment biases Hover over each name and read the scenario. Next, click and drag each name into the appropriate area in the chart to correspond with the decision-making bias that is most applicable to the situation Amber Allison Mike Sue Bill Patrick Katrina Logan Kathy Sunk-Cost Bias Anchoring and Adjustment Bias Representativeness Confirmation Bias Availability Bies Bias Overconfidence Bias Escalation of Commitment Bias Hindsight Bias Framing Bias

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Lexi Giles

Business

2 July, 12:28

Decision making is often a biased and flawed process. If a person can identify and be aware of their biases, they may be able to make better decisions for themselves and may be able to diagnose flawed decisions that affect their workplace There are nine fundamental biases that impact how people process information when making decisions. These include: (1) availability (2) representativeness, (3) confirmation, (4) sunk cost, (5) anchoring and adjustment, (6) overconfidence, (7) hindsight, (8) framing, and (9) escalation of commitment biases Hover over each name and read the scenario. Next, click and drag each name into the appropriate area in the chart to correspond with the decision-making bias that is most applicable to the situation Amber Allison Mike Sue Bill Patrick Katrina Logan Kathy Sunk-Cost Bias Anchoring and Adjustment Bias Representativeness Confirmation Bias Availability Bies Bias Overconfidence Bias Escalation of Commitment Bias Hindsight Bias Framing Bias

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Grady Lamb · Answer 1

1) Availability - Amber

2) Representativeness - Logan

3) Confirmation - Mike

4) Sunk cost - Katrina

5) Anchoring and adjustment - Sue

6) Overconfidence - Bill

7) Hindsight - Kathy

8) Framing - Allison

9) Escalation of commitment - Patrrick