Assignment task:
In class, we studied a number of decision making biases/heuristics. Imagine you are the manager of the Accounting Department at OB, Inc. You are putting together a team for a special project. Sam is one of your employees. On the past project team on which Sam served, his contribution and overall performance was phenomenal. Sam had never performed this well in the 10 years he has been with the company. You decide to put him on the special project team you are currently forming. Based on what we know about biases/heuristics in decision making, a bias you might be falling victim to in this case is a. prospect theory. b. the endowment effect. c. anchoring. d. the availability heuristic. e. the representativeness heuristic.