Perception, Cognition and Emotion

Perception, Cognition and Emotion are considered building blocks of social encounters. How do they relate to the movie clip in https://www.youtube.com/watch?v=6PpQk63iIWw? Examine and Discuss.

Tip: Among areas to consider in relation to the clip may (not exhaustive) include; Why are mismatches in frames between party’s sources of conflicts? What does it mean to have an, “irrational escalation of commitment.”? What can help prevent errors of anchoring and adjustment? What is the best remedy for the winner’s curse? Can it happen in this clip? Should the double-edged effect of overconfidence be considered?

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