Discuss the role of representativeness heuristic and availability heuristic in decision-making. What are the strengths and weaknesses of each method?

  • Discuss the role of representativeness heuristic and availability heuristic in decision-making. What are the strengths and weaknesses of each method?
  • What role does intuition play in decision-making?
  • Give an example when you used or decided not to use that “gut instinct” in making a decision. How did it work out?

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