Which of the Following Is Defined as the Tendency for Individuals

question 30

Multiple Choice

Which of the following is defined as the tendency for individuals with outcome knowledge to claim they would have estimated a probability of occurrence for the reported outcome that is higher than they would have estimated without the outcome information?

• A) hindsight bias
• B) foresight bias
• C) overconfidence bias
• D) escalation of commitment

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Definitions:

Venture Capitalist

An investor who provides capital to startup companies and small businesses with perceived long-term growth potential in exchange for an equity stake.

Lifecycle

The series of changes in the life of an organism, product, or system from its beginning to its end.

Screening Opportunity

The process of evaluating business opportunities to determine their viability and potential for success.

Action Plan

A detailed outline of the steps, tasks, and resources required to achieve specific goals or objectives.