Which of the Following Strategies Might Be Helpful in Reducing

question 129

Multiple Choice

Which of the following strategies might be helpful in reducing the overconfidence bias?

• A)Get people to think of one good reason why their judgments might be wrong.
• B)Delay feedback regarding the accuracy of people's judgments.
• C)Inform people about the overconfidence bias.
• D)Tell people that there is no remedy for the overconfidence bias.

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Definitions:

Chief Financial Officer

A senior executive responsible for managing the financial actions of a company, including financial planning, risk management, and financial reporting.

General Manager

An executive responsible for overseeing the daily operations and business activities within a specific area or department of a company.

Significant Influence

The power to participate in the financial and operating policy decisions of a business but is not control over those policies.

Financial Decisions

Decisions made by individuals or organizations related to the allocation of resources, investment, budgeting, and managing finances.