In the _________ Bias, a Decision Maker Tends to Stick

question 12

Multiple Choice

In the _________ bias, a decision maker tends to stick to an ineffective course of action when it is unlikely that the bad situation can be reversed.

• A) Confirmation
• B) Availability
• C) Escalation of commitment
• D) Overconfidence
• E) Framing

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Definitions:

Desires

Strong feelings of wanting or wishing for something to happen or be the case.

Psychosocial Development

A theory that describes the impact of social experiences across eight stages of human development, from infancy to adulthood, popularized by Erik Erikson.

Freud's Theory

A set of psychoanalytic theories proposed by Sigmund Freud that focus on the unconscious mind, developmental stages, and the interplay of ego, superego, and id.

Society

A large group of individuals living together in a more or less ordered community, sharing customs, laws, and organizations.