Which of the Following Are Biases,fallacies and Pitfalls That Affect

question 10

Multiple Choice

Which of the following are biases,fallacies and pitfalls that affect our ability to recognise whether or not an opportunity is viable?

• A)confirmation bias,optimism bias and highlight bias
• B)planning fallacy,sunk cost fallacy,managerial short sightedness pitfall,and financial understanding pitfall
• C)uniqueness pitfall,legal/regulatory pitfall,and lack of industry knowledge pitfall
• D)All of these choices

---

Definitions:

Elaboration

A memory strategy that involves making connections between two or more things to be remembered.

Metamemory

An individual’s knowledge about their own memory abilities and strategies to aid memory, including the understanding of how memory works.

Memory Performance

Refers to the efficiency and accuracy of cognitive processes involved in storing, retaining, and recalling information.

Metamemory

An individual's knowledge and awareness of their own memory capabilities and strategies.