A Decision Bias Is an Inherent Tendency of Most Decision

question 24

Multiple Choice

A decision bias is an inherent tendency of most decision makers that leads to incorrect decisions.An example of decision bias is:

• A)Failure to consider all relevant costs.
• B)Failure to properly identify sunk costs as irrelevant.
• C)Failure to consider opportunity cost.
• D)Failure to adjust for the time value of money.

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Definitions:

Imprinting

A form of rapid learning that occurs in some animals and birds shortly after birth or hatching, allowing them to recognize a parent or follow an object.

Sexual Maturity

The stage in development when an individual becomes capable of reproductive sexual activity.

Conflict Behavior

Actions taken in response to perceived disagreements, competition, or threats, often resulting in confrontational or competitive interactions.

Successive Ambivalent Behavior

A pattern of behavior where an individual alternates between contrasting emotional responses or actions towards the same stimulus or situation.