You Recently Overheard Your Boss Telling Someone That If He'd

question 23

Multiple Choice

You recently overheard your boss telling someone that if he'd actually crunched some numbers and done some analysis instead of just going with his instincts that he never would have opened the new store in Centre City.Which one of the following caused your boss to make a bad decision?

• A)regret aversion
• B)endowment effect
• C)money illusion
• D)affect heuristic
• E)representativeness heuristic

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Definitions:

Large Scale

Referring to activities, operations, or phenomena that are extensive in size, scope, or impact.

Great Purpose

A significant aim or goal that guides actions and gives meaning to one's life.

Unlawful Combatants

Individuals engaged in conflict without legal recognition or protection under international law, often denied prisoner of war status.

Intelligence

The capacity for learning, reasoning, understanding, and similar forms of mental activity; aptitude in grasping truths, relationships, facts, meanings, etc.