Well After You Have Started Trying to Make a Decision

question 55

Multiple Choice

Well after you have started trying to make a decision, new information comes to light that implies that the drug may be able to be synthesized much more cheaply than was previously thought.
-What must you try to avoid when integrating this new information?

• A) overconfidence bias
• B) availability bias
• C) anchoring bias
• D) representative bias
• E) confirmation bias

Understand the types of discriminatory conduct prohibited by Title VII of the Civil Rights Act of 1964.

Comprehend the requirements and applicability of the Family and Medical Leave Act.

Identify remedies for violations of the Americans with Disabilities Act (ADA).

Know the provisions of the Federal Employee Polygraph Protection Act regarding the use of lie detectors.

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Definitions:

Principal-Agent Problem

A dilemma in economics that occurs when one person or entity (the agent) is able to make decisions on behalf of, or that impact, another person or entity (the principal), leading to potential conflicts of interest.

Rent-Seeking Behavior

The practice of manipulating public policy or economic conditions as a strategy to increase personal incomes without adding value.

Public Choice

A field of economics that studies how decisions are made by voters, politicians, and government officials, often applying theories and methods from economics to political science.

Public Good

A good or service that is provided without profit to all members of a society, either by the government or a private individual or organization.