Write a report discussing the heuristics that have influenced three separate decisions that you have personally made. Provide a brief description of each of three scenarios in which you had to make a decision (or were involved in the decision making) and the cognitive biases that may have been involved (possibly in retrospect). Each of the three sections of this assignment will include a clear definition of the heuristic(s), the description of the situation, and statements that indicate why each heuristic applies to the situation as you have described it. It is possible (but not required) that multiple heuristics may have influenced each decision; you may note this, but you must describe three separate decision-making episodes. One of the episodes must use the "anchoring and adjustment" heuristic, another as discussed by Kahneman. The other heuristic is up to you.
Sample Solution