Exam (elaborations)
OAM 330 Exam Questions with Complete Correct Answers | Grade A+
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Limits of the Rational Analysis Model Ans: - Bounded by uncertainty and ambiguity - Bounded by imperfections of the mind One Heuristic: Anchoring & Adjustment Ans: - People fixate on an initial anchor and then adjust from it How Anchors Bias Decision Making Ans: - Estimates made in the presen...
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