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Anytime Ted analyzes a proposed project,he always assigns a much higher probability of success to the project than is warranted by the information he has gathered.Ted suffers from which one of the following?
World Systems Theory
A framework for understanding the historical and contemporary social structures of global inequality, delineating countries as core, periphery, or semi-periphery.
Modernization Theory
A theory in sociology that suggests that societies progress from traditional to modern states through processes like industrialization and democratization, improving living standards and social norms.
Economic Development
The process by which the economic well-being and quality of life of a nation, region, or local community are improved according to targeted goals and objectives.
Modernization Theory
A theory suggesting that traditional societies will develop economically and socially to become more 'modern', following the patterns of Western societies.
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