Discuss a time when you have experienced overconfidence, conservatism or representativeness in your financial or business decision making.
Question 1
We tend to make information-processing errors because of our biases:
Overconfidence (a tendency to overestimate the precision of our forecasts and abilities)
Conservatism (when we are too slow or too conservative to update our beliefs in response to new evidence)
Sample size neglect and representativeness (not taking into account sample size, acting as if a small sample is representative of a larger population)
Discuss a time when you have experienced overconfidence, conservatism, or representativeness in your financial or business decision making. Pick one—you do not have to discuss all three behavioral biases.
Question 2
We also tend to suffer from mental accounting, regret avoidance, disposition effect, and framing.
Discuss a time when you may have experienced mental accounting, regret avoidance, disposition effect, or framing in your financial or business decision making. Pick one—you do not have to discuss each behavioral tendency.
You are encouraged to support your arguments with scholarly research.
Your initial post must be between 250 and 500 words in length. If citing sources in your post, your writing should follow APA citation guidelines.
Answer preview to discuss a time when you have experienced overconfidence, conservatism or representativeness in your financial or business decision making.
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