The Mistaken Belief That the Probability of a Conjunction of Two

question 26

Multiple Choice

The mistaken belief that the probability of a conjunction of two events is greater than the probability of one of them is called what?

• A) Conjunction fallacy
• B) Framing effect
• C) Loss aversion
• D) Omission bias
• E) Sunk-cost effect

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Definitions:

Fiedler's Contingency Model

A leadership theory proposing that effective group performance depends on the proper match between a leader's style of interacting with subordinates and the degree to which the situation gives control to the leader.

Relationship-Motivated Leaders

Leaders who prioritize and are driven by building strong relationships and interpersonal connections within their teams.

Moderately Favorable Situation

A scenario that has a balanced mix of advantages and disadvantages, offering a reasonable chance for success but with some challenges.

Transactional Leaders

Leaders who focus on supervision, organization, and performance; they promote compliance through rewards and punishments.