Matthew Interviews for an Important Job but the Company Ultimately

question 47

Multiple Choice

Matthew interviews for an important job but the company ultimately decides to select someone else for the position.Matthew thinks to himself,"I knew the interview went poorly and I wasn't going to get the job!" Matthew's belief that he knew the outcome all along is an example of what phenomenon?

• A) Hindsight bias
• B) False consensus effect
• C) Optimistic bias
• D) False uniqueness effect

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Definitions:

Indifference Curves

A graphical representation of different bundles of goods between which a consumer is indifferent, showing combinations that give the consumer the same level of satisfaction.

Bundle

A set of goods or services that are sold or consumed together as a single package.

Constants

Fixed values in equations and calculations that do not change.

Indifference Curves

Graphical representations showing different combinations of two goods that provide the same level of utility to the consumer.