What Is the Basic Underlying Reason Why We Tend to Make

question 122

Multiple Choice

What is the basic underlying reason why we tend to make attributional mistakes?

• A) We generally do not pay enough attention to our surroundings, and thus miss essential information that would help us avoid attributional mistakes.
• B) We are generally quick to assume the worst of intents in other people, so this leads us to attributional mistakes.
• C) We are more concerned with getting an attribution made quickly than getting it made correctly, and this causes us to make mistakes.
• D) We don't have enough information to know why a person behaved as they did, so we make rapid assumptions.

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Definitions:

Marginal Cost

The increase in total cost that arises from producing an extra unit of output.

Fixed Cost

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance.

Cartel

An agreement among competing firms to control prices or exclude entry of a new competitor in a market, often to maximize their profits illegally or unethically.

Collusive Agreements

Arrangements or agreements, often illegal, between competing firms to limit competition, control prices, or divide markets among themselves.