BP and Halliburton Executives Made the Decision Not to Invest

question 66

Multiple Choice

BP and Halliburton executives made the decision not to invest in the oil well blowout preventer that experts believe would have prevented the Deepwater Horizon oil rig explosion and fire off the coast of Louisiana.The executives made their decision based on their belief that their decision would have no great negative consequences.Their decision is an example of

• A)satisficing.
• B)panic.
• C)the curse of knowledge.
• D)relaxed avoidance.
• E)relaxed change.

---

Definitions:

Piaget

Swiss psychologist known for his pioneering work in child development, particularly regarding cognitive development through a series of stages.

Active Role

Participation or involvement in a process or activity in a direct and engaged manner, often contributing significantly to its outcome.

Behaviorist Framework

A theory of learning based on the idea that all behaviors are acquired through conditioning, emphasizing observable behaviors over internal factors like thoughts and feelings.

Psychologists

Professionals specialized in the study of the mind and behavior.