Discussion:
Decision Making: Anchoring Bias and Overconfidence Bias
This posting briefly offers ideas to explain how anchoring bias and overconfidence bias might reinforce each other. It further analyzes how these two factors can likely influence the decision making process and can often lead to poor judgments. It also suggests some steps to avoid or at least minimize these two biases?
Write your answer/response in detail with examples and facts and figures using APA style of formatting, size 12, font Times new roman and answer must be single spaced