When Decision Makers Tend to Think They Know More Than

question 54

Multiple Choice

When decision makers tend to think they know more than they do or hold unrealistically positive views of themselves and their performance, they are exhibiting the ________.

• A) selective perception bias
• B) the anchoring effect
• C) self-serving bias
• D) overconfidence bias

---

Definitions:

Agriculture Sales

The trading of products and services related to farming and other agricultural activities.

Industrial Capitalist

An individual or entity that invests in industries for profit through the ownership of physical goods and capital goods used in production.

19th Century

The period from January 1, 1801, to December 31, 1900, characterized by industrialization, colonial expansion, significant technological advancements, and various social changes.

19th Century

A period from January 1, 1801, to December 31, 1900, that was marked by significant industrial, cultural, and political change worldwide.