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:

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, responsible for processing and sending out neural signals.

Slow Down

A decrease in speed or rate, often advised as a cautionary measure to prevent accidents or errors.

Stimulant

A substance that raises levels of physiological or nervous activity in the body.

Convulsions

Involuntary, rapid movements of the body or limbs, which can be a symptom of various medical conditions, including epilepsy.