Decision-Making Theory and Real-Life Situations

The goal of this Learning Check is for you to show that you can apply theories and perspectives from this class to real-life situations. Please choose a topic from Judgment, Detecting Convariaion, Logic, Confirmation and Disconfirmation, Problem-solving, or Creativity - it could be related to reasoning, decision making, problem-solving, or intelligence.
Instructions: Please choose a major theory or perspective that was covered in cognitive psychology. ""Choose Decision Making"" as a topic!!!!
Define and describe the theory you have chosen - what is the main point of the theory, and what does it say about cognition. Then, choose an example in real life where this theory applies. What would this theory say about cognition in the real-life example?
Use own words, Try not to use any outside sources, if you use them, please use citations and references!