Projection Bias

question 1

Multiple Choice

Projection bias:

• A) is the tendency to evaluate future consequences based on tastes and needs at the moment of the decision making.
• B) is the tendency to project future states of mind into the present.
• C) can lead people to overestimate their adaptability.
• D) All of these are true about project bias.

---

Definitions:

Basic Development Projects

Initiatives or plans aimed at improving economic, social, or infrastructural conditions in a region or community.

World Bank

A global finance body that supplies loans and grants to the administrations of poorer nations aiming to undertake capital projects.

Collective Output

This term refers to the total production or output produced by a group or collective entity, such as a country or industry.

Foreign Aid

Financial assistance provided by one country to another, typically for development projects, humanitarian aid, or economic stabilization.