Which of the Following Decision Biases Is Displayed by Individuals

question 26

Multiple Choice

Which of the following decision biases is displayed by individuals who continue on a failing course of action even after it becomes clear that it may be a poor path to follow?

• A) Escalation of commitment
• B) Availability bias
• C) Fundamental attribution error
• D) Judgments about correlation and casualty
• E) Anchoring and adjustment bias

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Definitions:

Syllogistic Steps

The parts of a syllogism, which is a form of reasoning where a conclusion is drawn from two given or assumed propositions (premises).

Prejudged

Forming a judgment or opinion before having the evidence or facts to do so.

Friendship

A close and trusted relationship between two or more people, typically characterized by mutual affection and support.

Prejudged

To make a decision or form an opinion about something or someone in advance, without full examination or knowledge.