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:

Correlates

Factors or variables that are found to have a statistical association with another variable or outcome.

GPAs

Grade Point Averages, a numerical calculation averaging the grades of all courses taken, used as a measure of academic achievement.

Valid

Bearing legitimacy, authenticity, or making a logical and sound argument; also refers to data or empirical evidence that accurately measures or represents what it aims to.

Language-like Behavior

Actions or patterns of communication that resemble human language in complexity and structure, often observed in various animal species.