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A Manager Decided to Continue to Purchase Insurance from a Company

question 91

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A manager decided to continue to purchase insurance from a company that charged high premiums, even though the manager knew that he or she could get the same coverage for less.This is an example of what type of cognitive bias?


Definitions:

Genetic Expression

The process by which information from a gene is used to direct the assembly of a protein molecule, determining physical traits.

Environmental Factors

Elements within the surrounding environment that can affect processes, development, or the condition of something or someone.

Inherited

refers to traits or conditions that are passed from parents to their offspring through genes.

Height

The measurement of someone or something from base to top or from head to foot.

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