Final answer:
Situational awareness is being constantly aware of one's location and surroundings, processing abstract information, and anticipating future situations with an understanding of personal biases such as confirmation bias and the availability heuristic.
Step-by-step explanation:
Situational awareness refers to being constantly aware of one's location and surroundings, including understanding the significance and context of the events happening around you and how they might affect you. This concept involves the ability to process abstract information, be alert to changes or details in the environment, and anticipate situations that might arise, often before they occur. It also encompasses a level of self-awareness, like recognizing one's own biases or tendencies, such as confirmation bias where one might focus on information that confirms their existing beliefs, or the availability heuristic, where one thinks scenarios that recall easily are more common than they are.