Explain the behavioral economics concepts.

Explain two or more of the behavioral economics concepts listed below and give an example of each Response Parameters. Discussion Concepts: Confirmation bias, overconfidence effect, hindsight bias, availability heuristic, planning fallacy, framing effects, anchoring, endowment effect, status quo effect Behavioral Economics Concepts: Understanding Human Biases and Decision-Making Introduction Behavioral economics is a field of study … Read more

Why is it that even though physicians are highly educated individuals, they are highly susceptible to cognitive biases? Do you think this is a problem throughout health care? Explain.

After reading the attached article on overcoming biases in research from the AMA Journal on Ethics, answer the following questions: Why is it that even though physicians are highly educated individuals, they are highly susceptible to cognitive biases? Do you think this is a problem throughout health care? Explain. Of the biases, which do you … Read more