Which of the Following Students Exhibits Satisficing Behavior

question 345

Multiple Choice

Which of the following students exhibits satisficing behavior?

• A)Mick studies his economics notes every night so that he can be sure to earn a perfect score on his exam.
• B)Bill studies his economics notes for a few hours the night before the test because he will be satisfied with a C on his exam.
• C)Marguerite studies extensively as she will only be satisfied with a very high score.
• D)None of these students exhibits satisficing behavior.

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Definitions:

Explicit

Something stated clearly and in detail, leaving no room for confusion or interpretation.

Tacit Knowledge

Knowledge that is difficult to transfer to another person by writing it down or verbalizing it, often gained through personal experience and context.

Escalation of Commitment

The tendency to continue investing in a project or decision despite evidence of its failing prospects, often due to psychological commitment.

Overconfidence

The state of being excessively confident, often leading to underestimating risks, challenges, or the abilities of others.