Question: Define System 1 and System 2 thinking. Explain how they are relevant to decision-making. Describe the three forms of overconfidence, and give examples of how

Define System 1 and System 2 thinking. Explain how they are relevant to decision-making.

Describe the three forms of overconfidence, and give examples of how overconfidence has caused some bad historic decisions.

Explain rational decision-making, and briefly discuss the six steps needed to achieve rational decision-making

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