Economics Homework Help. Barstow Community College Heuristics and Biases Analytical Review
Pick any three of the biases or anomalies we have discussed in class so far.
For each one, explain:
- What makes it a useful heuristic in certain situations
- How can it lead to a bad or irrational decision
- What can you do to maximize its heuristic value and minimize irrationality bias when it is at work
