When Decision Makers Fail to Adjust Adequately for Information Because

question 95

Multiple Choice

When decision makers fail to adjust adequately for information because they fixate on initial information they received, they are influenced by ________.

• A)sunk costs error
• B)hindsight bias
• C)availability bias
• D)anchoring effect
• E)selective perception bias

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Definitions:

Self-actualization

The act of achieving one's full talents and capabilities, regarded as an essential desire or requirement in every person.

Assertiveness

The quality of being self-assured and confident without being aggressive, in a way that respects others' rights and perspectives.

Stress Tolerance

The ability to remain calm and stable under pressure or during challenging situations.

Independence

The state or quality of being self-reliant and autonomous in thoughts and actions.