These conceptions predominantly stem from Kahneman and Tverskys (1974) foundational heuristics (i.e. availability; representativeness; anchoring & adjustment heuristics), the experimental studies they have conducted to provide the evidences to support their claims, and their implications on decision-making. Since then, many types of heuristics and their associated biases have evolved. The aim of this assignment is to get you to further research and build upon these concepts. More specifically, you will collaborate with your team members to bring to life (in the form of a mini website through canvas pages) the role of heuristics and biases in decision making, and through your selected examples as evidences, showcase how these are played out in real-life.
