$4.$ Add a new section in your document: "Behavioral Economics and Finance". In it$,$ discuss in your own words $($five short paragraphs, one page$)$:

a$.$ How is your rationality bounded with respect to your decision? In what ways are you doing your best to optimize? In what ways are you really just satisficing? Explain.

b$.$ Which cognitive biases and behavioral challenges could affect your decision$-$making? How could decision$-$making noise, affect your decision$-$making? Explain.

c$.$ Based on the pitfalls in b$.,$ suggest a heuristic that should be helpful when making this decision. Explain why it should usually help $($which bias is it related to$)$ and when it might lead to mistakes.

d$.$ How can you nudge yourself to a better decision? Why do you expect it to work? What other techniques can you use to limit the effects of bias, noise, and behavioral challenges?

e$.$ How might the cognitive effects of scarcity $($e$.$g$.$ focus dividend, bandwidth tax$)$ or present bias affect the financial aspect of your decision? How will you reduce these effects?

$5.$ Check your work carefully for accuracy, completeness, spelling, grammar, and compliance with our shared values.