The Field of _____ Examines the Influence of Cognitive Biases

question 45

Multiple Choice

The field of _____ examines the influence of cognitive biases and attribution errors on people's economic decision making.

• A)forensic psychology
• B)economic psychology
• C)industrial/organizational psychology
• D)behavioral economics

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Definitions:

Lower Performance Levels

Reduced effectiveness or efficiency in carrying out tasks or achieving objectives, compared to expected standards.

Solution Acceptance

The process of formally agreeing to the use or implementation of a proposed solution.

Peer Pressure

The influence exerted by a peer group, encouraging individuals to change their attitudes, values, or behaviors to conform to group norms.

Diversity of Views

refers to the inclusion and respect of different perspectives, opinions, and ideas within a group or organization.