Sticking to a Decision Despite Evidence That It Is a Mistake

question 81

Multiple Choice

Sticking to a decision despite evidence that it is a mistake is called _________.

• A)confirmation bias
• B)overconfidence bias
• C)error enhancement
• D)escalation commitment

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Definitions:

Relative Deprivation

The feeling of dissatisfaction or injustice from perceiving oneself as worse off compared to others.

Satisfaction

A feeling of pleasure or fulfillment resulting from achieving a desire or need.

Behavioral Contrast

A phenomenon observed in operant conditioning where an increase in the reinforcing value of one behavior leads to a decrease in the reinforcing value of another behavior.

Divestiture

The process of a company selling off its assets, investments, or divisions as a strategic move to focus on the core operations or to generate capital.