Decision-Making Biases (Scenario) Frank Is President of Mega Manufacturing, a Canadian Company That

question 149

Multiple Choice

Decision-making Biases (Scenario)
Frank is president of Mega Manufacturing, a Canadian company that makes automobile parts. Sales and profits are down sharply this quarter, and Frank needs to analyze the series of events that have led to the poor performance. Frank begins by reviewing his recent interactions with Mike, the vice-president of sales.
-Last week when Frank asked Mike how his presentation to a large Japanese car maker went,Mike replied,"My presentation was brilliant! They loved me! I am positive we will get the contract!" Mike's overly positive view of his performance demonstrates which of the following?

• A)confirmation bias
• B)hindsight bias
• C)overconfidence bias
• D)escalation of commitment

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Definitions:

Catatonia

A psychotic condition characterized by striking motor impairment.

Hallucinations

Experiences involving the apparent perception of something not present, often involving visual or auditory senses but can affect other sensory perceptions.

Schizotypal Personality Disorder

A personality disorder characterized by oddities of thought and behavior but not involving bizarre psychotic behaviors.

Suspiciousness

A tendency to believe, without adequate evidence, that others may be deceiving, harming, or exploiting oneself.