The Tendency for a Decision Maker to Search for Reassurance

question 13

Multiple Choice

The tendency for a decision maker to search for reassurance that a recent decision he or she made was a good decision represents which one of the following characteristics?

• A) Overconfidence
• B) Overoptimism
• C) Affect heuristic
• D) Confirmation bias
• E) Representativeness heuristic

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Definitions:

Income Statement

A financial report that shows a company’s revenues, expenses, and profit over a specified period of time.

Business Users

Individuals or entities that utilize information, services, or products for business purposes, as opposed to personal use.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, presented in a structured manner for easy understanding.

Corporation

A legal entity recognized by law as separate from its owners, with the ability to own assets, incur liabilities, and sell shares.