Decision-making

Question 1

What the 4 carachteristics of erros of odds

Answer 1

1) Sample size neglect
2) Gambler’s fallacy
3) Availability bias
4) Planning fallacy

Question 2

What the 4 features of erros of valuation

Answer 2

1) Presentism
2) Relative Valuation
3) Gain/loss non-linearity or endowment effect
4) Temporal discounting