Core Concepts  

In this assignment, you are to apply the concepts of cognitive biases and heuristics to your own life. Of the 8 heuristics and biases discussed in class, identify 4 that you have observed in your own life, either currently or in the past.

          Representativeness heuristic 


          Anchoring and Adjusting heuristics 


          Availability heuristic 


          Confirmation bias 


          Hindsight bias 


          Scarcity heuristic 


          Mental sets 


          Functional fixedness 


For each heuristic or bias, you are to do both of the following:

Describe the situation where you observed the heuristic or bias occurring in your life. Your description 
should be clear enough so that someone who was not there could understand what occurred. 


Describe how the heuristic or bias affected how you thought or behaved at that time. Did you realize 
your mistake at the time and correct it? Did the heuristic/bias have a negative effect on your ability to solve a problem or make a decision? If so, how? If not, why not? 


For each description, I should be able to see that you clearly understand what the heuristic or bias is and how it affects our problem‐solving or decision‐making abilities.

Additional comments:

         ‐ You do not need to do research to successfully complete the assignment. However, if you use resources other than my lecture notes and the textbook for this assignment, you must correctly reference these sources in your assignment. 


         ‐ No marks will be given for definitions that are copied from other sources, even if correctly referenced. You must demonstrate in this assignment that you understand the material and can put the concepts into your own words. 


         ‐ Any instances of plagiarism will be dealt with according to Sheridan’s policy on Academic Honesty. 


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