One Major Consequence of the Overconfidence Effect Is That

question 289

Multiple Choice

One major consequence of the overconfidence effect is that

• A)some people cannot correct a personal trait that might be causing them to fail in many ventures.
• B)someone could persist in pursuing a failed policy despite overwhelming evidence of the failure.
• C)bad decisions can be made because people will act without pausing to see whether their intuition is correct or not.
• D)some people may wrongly believe in their forecasting ability to predict future outcomes of risky investments.

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Definitions:

Observable Culture

Observable culture refers to the visible elements of an organization's culture, such as rituals, dress codes, behaviors, physical setups, and corporate language that can be directly observed.

Salesperson

An individual who sells products or services to customers, typically working to achieve sales targets and build client relationships.

Power Culture

A corporate environment where authority, control, and decision-making are concentrated in a few hands.

Observable Culture

The visible elements of an organization's culture, such as behaviors, language, rituals, and symbols, that can be directly perceived.