People Often Use Anecdotes ("I Know an Employee Who

question 91

Multiple Choice

People often use anecdotes ("I know an employee who...") rather than data to support a decision.This is an example of which of the following?

• A) anchoring and adjustment
• B) availability bias
• C) halo effect
• D) overconfidence

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Definitions:

Probability

A measure of the likelihood that an event will occur, quantified as a number between 0 and 1.

Charity Raffle

A fundraising event where tickets are sold for the opportunity to win prizes, with the proceeds going to support a charitable cause.

Clinical Trials

Research studies conducted with human volunteers designed to evaluate the safety and efficacy of new treatments or interventions.

FDA Approval

FDA approval is the authorization granted by the U.S. Food and Drug Administration for a drug or medical device to be marketed or sold after it has been proven safe and effective for use.