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  • Assignment - 2 Decision Making For Social Change HS-523: Instructor: Dr. Varun Dutt Assistant Professor IIT Mandi

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    Taj UD DIn Malik
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    This assignment contains 4 questions related to biases and heuristics in decision making for a course on social change. Students are asked to answer each question in detail and submit a single group solution by the deadline of March 21st, 2019, including their names and roll numbers.

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    This assignment contains 4 questions related to biases and heuristics in decision making for a course on social change. Students are asked to answer each question in detail and submit a single group solution by the deadline of March 21st, 2019, including their names and roll numbers.

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    © All Rights Reserved
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    43 views1 page

    Assignment - 2 Decision Making For Social Change HS-523: Instructor: Dr. Varun Dutt Assistant Professor IIT Mandi

    Uploaded by

    Taj UD DIn Malik
    This assignment contains 4 questions related to biases and heuristics in decision making for a course on social change. Students are asked to answer each question in detail and submit a single group solution by the deadline of March 21st, 2019, including their names and roll numbers.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    Instructor:

    Dr. Varun Dutt


    Assistant Professor
    IIT Mandi

    Assignment – 2
    Decision Making for Social Change

    HS-523

    Question 1: What do you understand by fundamental attribution error? What is


    the problem with this bias?

    Question 2: What is meant by omission bias? How is it relevant in the real


    world?

    Question 3: What is meant by endowment effect? Please comment on what it


    does to sellers?

    Question 4: What is take-the-best heuristic? Does it lead to good decisions?


    Please comment briefly.

    Note: Please mention the student name and roll number (of all the group
    members) on your solution. Please submit a single solution per group.

    Submission Deadline: Submit before 11:59 PM on 21st March, 2019.

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