models of cognitive biases and bounded rationality highlighted in behavioural finance. The paper provides strong evidence … against cognitive biases like anchoring and adjustmentʺ (Tversky and Kahneman, 1974) that one might expect under such …, socio-technical aspects of markets can make markets quite fragile even if behavioural biases are largely absent. …

, confirmation bias, the bandwagon effect, and escalation of commitment.To gather data specifically about potential cognitive biases …Cognitive biases play a fundamental part in franchisor-franchisee deal making. Ordinarily, franchisors have more power … present to them? The franchisees' sound judgment may be undermined by well-recognized cognitive biases such as anchoring …