Question: Biases affect our decision making process in a few ways. Give an example of how each bias below could affect the decision making process. -

Biases affect our decision making process in a few ways. Give an example of how each bias below could affect the decision making process.

- Ease of recall

- retrievability

- insensitivity to base rates

- insensitivity to sample size

- misconceptions of chance

- the conjunction fallacy

- the confirmation trap

- conjunctive and disjunctive events biases

- overconfidence.

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