You Are Up for a Job Performance Review and Are

question 35

Multiple Choice

You are up for a job performance review and are disappointed to learn that your boss has given you poor reviews.In order to feel better you think to yourself,"at least I did not get fired." This is an example of _____________.

• A) downward counterfactual thinking
• B) upward counterfactual thinking
• C) biased thinking
• D) the availability heuristic

---

Definitions:

Cognitive Bias

A systematic pattern of deviation from norm or rationality in judgment, whereby inferences about other people and situations may be drawn in an illogical fashion.

Behavioral Economics

An area within economics analyzing how various psychological, emotional, cognitive, cultural, and social elements affect the decision-making processes in economics of both individuals and organizations.

Net Change

The difference in an entity's value between two points in time, commonly used in reference to stock prices or financial performance.

Utility

The want-satisfying power of a good or service; the satisfaction or pleasure a consumer obtains from the consumption of a good or service (or from the consumption of a collection of goods and services).