Explain how cognitive biases affect decisions


Problem

Essay: Decision Making Explain how cognitive biases and experiences influence intuitive decision-making. Use at least two examples from the "Korea 1950" case study to illustrate your answer. Ensure you include the following elements in your answer.

1) Clearly and logically explain how cognitive biases affect decisions.

2) Clearly and logically explain how the decision maker's experiences influence their intuitive decision-making.

3) Illustrate with at least two examples from "Korea 1950" case study.

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