Managers Are at Particularly High Risk for Representative Bias When

question 51

True/False

Managers are at particularly high risk for representative bias when the information they need to make a decision is ambiguous.

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Definitions:

Intervention

An action taken to improve a situation, especially a medical procedure or a social or psychological support measure.

Creating Hypotheses

The process of forming testable statements or predictions based on theoretical insights or observations.

Observation

The process of monitoring or noting phenomena with the aim of collecting data or arriving at conclusions.

Application

The act of putting something to use or implementing a concept, method, or device for a particular purpose.