1. Share some of your experiences with some of the biases we learned（I will give you the materials once you accept this assignment）. Did you find any of them to be more salient than others in terms of describing your decision-making, or the decisions-making tendencies of people you know? Are there any you think you are immune to, or which through training or education, you’ve managed to overcome? What were your initial responses to the choices presented in the section on framing effects? Did you decide the way most people do on those surveys, or did you take a different path? Did you have some reasoning behind the way you decided, or did you just “go with your gut”?
2. Now that we’ve covered a number of different biases and illusions, think about the implications that each of these have for finance, both in terms of their effects people’s personal finance or wealth, as well as the impacts on markets more broadly. Which bias or illusion do you think has the greatest impact? Are all the potential impacts negative, or are there some that you feel could potentially be good? Feel free to reference biases from the previous class as well as this one. Or alternatively, if you have another favorite cognitive bias that you know from outside the class that you feel is more important to finance or economics, feel free to share it. Head over to the discussion board to share your thoughts.
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