Anytime Ted Analyzes a Proposed Project, He Always Assigns a Much

question 38

Multiple Choice

Anytime Ted analyzes a proposed project, he always assigns a much higher probability of success to the project than is warranted by the information he has gathered. Ted suffers from which one of the following?

• A) Frame dependence.
• B) Overconfidence.
• C) Gambler's fallacy.
• D) Confirmation bias.
• E) Over-optimism.

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Definitions:

Global Management Learning

The process of acquiring knowledge and skills related to effectively leading and managing across diverse cultural and international contexts.

Transnational Knowledge

Refers to knowledge that transcends national borders, facilitating global understanding and cooperation.

Power Distance Dimension

A cultural dimension that describes the extent to which individuals in a society accept the unequal distribution of power.

Intercultural Competencies

The skills and knowledge required to effectively communicate and interact with individuals from different cultural backgrounds.