The Advantage of Observation Is That

question 35

Multiple Choice

The advantage of observation is that

• A) it can accurately measure overt behaviors.
• B) it is inexpensive in data-collection-time costs.
• C) it can assess opinions of attitudes causing behaviors.
• D) it is appropriate only for infrequently occurring behaviors.

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Definitions:

Overconfidence Effect

A cognitive bias where an individual's subjective confidence in their judgments is greater than their objective accuracy.

Confirmation Bias

The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.

Cognitive Biases

Cognitive biases are systematic patterns of deviation from norm or rationality in judgment, often leading to illogical interpretation or decision-making.

Behavioral Economics

A field of economics that examines how psychological, cognitive, emotional, cultural, and social factors affect the economic decisions of individuals and institutions and how those decisions vary from those implied by classical theory.