When Decision Makers Tend to Think They Know More Than

question 4

Multiple Choice

When decision makers tend to think they know more than they do or hold unrealistically positive views of themselves and their performance, they are exhibiting ________.

• A) self-serving bias
• B) immediate gratification bias
• C) the anchoring effect
• D) overconfidence bias

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Definitions:

Impulsiveness

The tendency to act on a whim, displaying behavior characterized by little or no forethought, reflection, or consideration of the consequences.

Ego-resilient

Describes an individual's ability to adapt to stressors and return to a baseline state of functioning effectively after experiencing stress.

Adaptability Under Stress

The ability to adjust and cope with pressure or adversity, maintaining functionality and resilience.

Self-confident

Having trust in one's own abilities, qualities, and judgement.