<span>The Government thinks it has the right to intervene in markets because it should be in charge of regulating and controlling the markets to set equal standards to everyone and, in this way,promote a fair competition. It does not mean, it should intervene in markets themselves, it just set the grounds and make people follow the law and rules </span>
Skim through you notes, get a good night of rest, relax and you'll do great :))
Answer:
People tend to make systematic and predictable mistakes in their thinking. These mistakes are called biases.
Explanation:
Humans are not perfect decision makers. Everyday humans make numerous decisions and try their best to be rational. But many times, our cognitive limitations prevent us from doing so. In systematic and predictable ways, we do drift away from perfection. Even if we take each step properly to make a decision by first defining the problem, then thinking of alternatives for the solution and then take a decision, one is bound to get affected by cognitive thinking. Such mistakes that humans make are called biases. They affect the judgement of even a very talented human being.
trygve lie who was the first secretary general of UN
