Which of the Following Best Describes a Cognitive Bias

question 11

Multiple Choice

Which of the following best describes a cognitive bias?

• A) a behavioral trait of trusting others' judgment of a situation over one's own
• B) the inability of a person to perceive differences between two physical objects
• C) a tendency to make systematic mistakes when making judgments
• D) the act of exaggerating the importance of an event to gain an advantage

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Definitions:

Security Interest

A legal claim or lien on property as collateral for the repayment of a debt, securing an interest in the property for the creditor.

UCC Article 9

A provision of the Uniform Commercial Code dealing with secured transactions, including the assignment of security interests in personal property.

Contract Rights

Legal entitlements derived from agreements between parties, which outline obligations, benefits, and conditions agreed upon.

Assignable

Capable of being transferred or made over to the legal control of another party, commonly referring to rights or property under contract.