The Bandwagon Effect,a Common Decision-Making Bias,is ________

question 61

Multiple Choice

The bandwagon effect,a common decision-making bias,is ________.

• A)the characteristic of an individual who prefers to avoid losses rather than acquire gains
• B)the tendency to believe certain outcomes because others believe the same
• C)the tendency to believe that our forecasts for future events are better than they truly are
• D)the tendency to search for information that supports one's preconceived beliefs
• E)an individual's tendency to believe that he/she is less susceptible to risky events

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Definitions:

Cognitive Dissonance

The psychological discomfort experienced when holding two or more conflicting beliefs, ideas, or values simultaneously.

Compliance

The act of conforming to a rule, standard, or law.

Dialectical Behavior Therapy

A comprehensive cognitive-behavioral treatment aimed at helping individuals with emotional regulation by synthesizing opposite points of view.

Dichotomous Thinking

Dichotomous thinking is a cognitive process that categorizes experiences, values, and objects into two extreme categories, such as all good or all bad.