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3. Choose one of the cognitive biases you learned about in the previous MOVE activity (listed in Column 1 below). Using the article list as inspiration, brainstorm one concrete strategy you can use to overcome this bias. Explain how this strategy might help. multicolumn(1)(|c|)( Cognitive Bias ) square Loss Aversion square Endowment Effect square Sunk Cost Fallacy square Herd Mentality square Confirmation Bias square Overconfidence square Hedonic Adaptation

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3. Choose one of the cognitive biases you learned about in the previous MOVE activity (listed in Column 1 below). Using the article list as inspiration, brainstorm one concrete strategy you can use to overcome this bias. Explain how this strategy might help.

 multicolumn(1)(|c|)( Cognitive Bias ) 
 square Loss Aversion 
 square Endowment Effect 
 square Sunk Cost Fallacy 
 square Herd Mentality 
 square Confirmation Bias 
 square Overconfidence 
 square Hedonic Adaptation

3. Choose one of the cognitive biases you learned about in the previous MOVE activity (listed in Column 1 below). Using the article list as inspiration, brainstorm one concrete strategy you can use to overcome this bias. Explain how this strategy might help. multicolumn(1)(|c|)( Cognitive Bias ) square Loss Aversion square Endowment Effect square Sunk Cost Fallacy square Herd Mentality square Confirmation Bias square Overconfidence square Hedonic Adaptation

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FelixElite · Tutor for 8 years

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\(\square\) Confirmation Bias:**Strategy:** Implement Devil's Advocate Approach**Explanation:** Confirmation bias occurs when individuals seek and give more weight to information that confirms their existing beliefs, while ignoring or downplaying evidence that contradicts those beliefs. To overcome confirmation bias, one can employ the Devil's Advocate approach. This involves deliberately taking on the opposing viewpoint and critically evaluating the evidence against one's own beliefs.By actively seeking out information that challenges one's perspective and considering alternative viewpoints, individuals can reduce the impact of confirmation bias. This strategy encourages a more balanced and objective evaluation of information, fostering a more open-minded and rational decision-making process. It helps individuals avoid the pitfalls of selectively processing information that aligns with preconceived notions, leading to more informed and unbiased conclusions.
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