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There Are Many Mindbugs Associated with the Decision-Making Process

question 6

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There are many mindbugs associated with the decision-making process. These include cognitive heuristics, such as availability and representativeness, and fallacies such as the conjunction fallacy. Discuss each of these three mindbugs in turn, describing how they operate and how they sometimes lead us astray. Are there any cognitive advantages associated with these decision-making strategies?


Definitions:

Control and Information Protocol

A network protocol used in industrial automation to manage and transfer control data and device information.

HART Communication Protocol

A communication protocol used for sending and receiving digital information across analog wires between smart devices and control or monitoring systems.

Smart Field Devices

Intelligent sensors and actuators capable of communication and data processing, used for monitoring and controlling processes in industries.

SCADA System

Stands for Supervisory Control and Data Acquisition, a system used for controlling and monitoring industrial processes remotely.

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