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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:

Attractiveness

The quality of being pleasing or appealing to the senses, often used in the context of physical appearance but can also relate to personality, behavior, or other traits.

Positive Traits

Characteristics or attributes that are seen as beneficial, contributing to the positive aspects of an individual's personality and behavior.

Illusory Correlation

A cognitive bias in which people perceive a relationship between two variables even when no such relationship exists.

Insecure Loud Men

Males who exhibit loudness and outward bravado as a means to mask feelings of self-doubt and insecurity.

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