decision-making processes. Although heuristics tend to be very helpful, in many cases, they can lead to cognitive biases. This … elaborated. These decisions are taken by individuals that constantly rely on their intuition and heuristics to support their … do so, the study reviews different decision models in engineering design and consolidates them into one; here, called ABC …

Economic small group research points to groups as more rational decision-makers in numerous economic situations … economic contexts dominated by group decision-making might be questioned. We consider the case of anchoring as a prime example … of a well-established, robust bias. Individual and group biasedness in three economically relevant domains are compared …

Economic small group research points to groups as more rational decision-makers in numerous economic situations … economic contexts dominated by group decision-making might be questioned. We consider the case of anchoring as a prime example … of a well-established, robust bias. Individual and group biasedness in three economically relevant domains are compared …

Confirmation bias, the compiling of cases verifying one's beliefs, as opposed to cases to falsify one's beliefs …