Researchers Have Concluded That Entrepreneurs, with a Certain Degree of Regularity

question 8

Multiple Choice

Researchers have concluded that entrepreneurs, with a certain degree of regularity, make a number of misjudgments and irrational decisions due to letting their thinking be steered by a variety of prejudices and biased reasoning. Some of these mentioned in the book include:

• A) affect (one's feelings gain the upper hand)
• B) ignorance of facts (misinterpretation or disregard of pertinent facts)
• C) joy of optimism (acts according to how one wishes it was in reality)
• D) hubris (overestimation of one's ability)
• E) lure of little numbers (not taking a realistic approach to costs)
• F) magic of big numbers (grossly over-exaggerating positive facts and figures)
• G)time optimism (systematically underestimating the time tasks require)
• H)overgeneralization (judging reality on the basis of a few observations)

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Definitions:

Civil War Amendments

The 13th, 14th, and 15th amendments to the United States Constitution, adopted between 1865 and 1870, aimed at abolishing slavery and establishing civil and voting rights for freed slaves.

Major Accomplishments

Significant achievements or milestones completed by an individual, organization, or government, often reflecting a notable positive impact on society or a field.

Equality

The state of being equal, especially in status, rights, and opportunities, promoting fairness and justice within society.

Due Process Clause

Constitutional guarantees that ensure fair treatment through the normal judicial system, especially as a citizen's entitlement.