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Introduction

In today’s fast-paced and complex world, decision-making plays a crucial role in both personal and professional life. However, the process of decision-making is often influenced by cognitive biases, which are systematic patterns of deviation from rationality in judgment. These biases can lead to errors and inaccuracies in decision-making, affecting the outcomes and consequences.

This thesis aims to explore the influence of cognitive biases on decision-making, focusing on how these biases impact individual’s choices and behaviors. By gaining a better understanding of these biases, we can develop strategies to mitigate their effects and improve the decision-making process.

Chapter 1: Introduction

1.1 Introduction
1.2 Background of study
1.3 Problem Statement
1.4 Objective of study
1.5 Limitation of study
1.6 Scope of study
1.7 Significance of study
1.8 Structure of the Thesis
1.9 Definition of terms

Chapter 2: Literature Review

2.1 Overview of cognitive biases
2.2 Confirmation bias
2.3 Availability heuristic
2.4 Anchoring bias
2.5 Representative heuristic
2.6 Overconfidence bias
2.7 Framing effect
2.8 Loss aversion
2.9 Sunk cost fallacy
2.10 Status quo bias

Chapter 3: Research Methodology

3.1 Research design
3.2 Data collection methods
3.3 Sample selection
3.4 Data analysis techniques
3.5 Ethical considerations
3.6 Research limitations
3.7 Validity and reliability
3.8 Research implications

Chapter 4: Discussion of Findings

4.1 Overview of findings
4.2 Impact of cognitive biases on decision-making
4.3 Strategies to mitigate cognitive biases
4.4 Case studies and examples
4.5 Implications for practice
4.6 Future research directions

Chapter 5: Conclusion and Summary

5.1 Summary of key findings
5.2 Conclusion
5.3 Recommendations for future research
5.4 Practical implications
5.5 Final thoughts

Thesis Overview

The Influence of cognitive biases on decision-making is a comprehensive study that explores the various ways in which cognitive biases affect the decision-making process. Through an in-depth analysis of key cognitive biases, this thesis aims to shed light on the underlying mechanisms and consequences of these biases in different contexts. By examining the literature, conducting empirical research, and providing practical recommendations, this thesis seeks to contribute to the existing body of knowledge on decision-making and cognitive biases.

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