Question: 2. Discuss the following heuristic-driven biases and cognitive errors: (a.) Representativeness (b.) Overconfidence (c.) Anchoring (d.) Aversion to ambiguity (e.) Innumeracy 3. How do people

2. Discuss the following heuristic-driven biases and cognitive errors: (a.) Representativeness (b.) Overconfidence (c.) Anchoring (d.) Aversion to ambiguity (e.) Innumeracy

3. How do people value gains/losses according to the prospect theory?

4. What is mental accounting, and what are its common manifestations?

5. Discuss the salient features of the pyramid of the behavioral portfolio.

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