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Analyze the following assessment of cognitive bias.Recognize the bias, categorize the bias, provide a thoughtful assessment of the bias and discuss...

Analyze the following assessment of cognitive bias. Recognize the bias, categorize the bias, provide a thoughtful assessment of the bias and discuss how you could avoid them (Source: PwC).

  • Do you consider yourself an above average driver?
  • Have you sat through a movie you did not like?
  • Do you use your mobile data after you have reached the data limit?
  • Do you pay the minimum or full amount of your credit card bill?
  • Did you spend your limited resources on an activity you knew you could not afford? What directed you towards making this decision?
  • Discuss your business decision making experiences (or observed decision making ) where your current learning offers important insights into human behavioral biases. 
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