When Does Bolstering Occur

question 66

Multiple Choice

When does bolstering occur?

• A)A decision maker attempts to convince themselves that they made the right choice after an agonizing decision.
• B)The legislative branch shows strong support for a foreign policy decision.
• C)A small group of decision makers looks to a group leader for a decision.
• D)A decision maker knows they made the wrong decision but works to convince themselves that it was the right one.

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Definitions:

Human Capital

The economic value of a worker's experience and skills, including factors like education and training.

Compensating Differentials

Wage differentials that compensate workers for job attributes, such as unpleasant conditions or risks, maintaining equilibrium across labor markets.

Wage Disparity

Wage disparity refers to the differences in wages earned by different groups of people, often influenced by factors such as gender, ethnicity, education, and job type.

Compensating Differentials

Wage differences across jobs that reflect the desirability of the job attributes, compensating workers for non-monetary aspects of different jobs like risk or undesirable hours.