Which of the Following Cognitive Biases Refers to the Fact

question 22

Multiple Choice

Which of the following cognitive biases refers to the fact that decision makers who have strong prior beliefs about the relationship between two variables tend to make decisions based on these beliefs, even when presented with evidence that their beliefs are incorrect?

• A) Confirmation bias
• B) Reasoning by analogy
• C) Illusion of control
• D) Escalating commitment
• E) Representativeness

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Definitions:

Y-axis

The vertical line on a graph or chart, typically used to represent the range of a dependent variable.

X-axis

The horizontal axis in a coordinate plane, often representing the independent variable in an equation.

Negative Relationship

A correlation where an increase in one variable leads to a decrease in another variable.

Vertical Axis

In a graph or chart, the vertical line or axis is typically used to represent the dependent variable or measure.