One Day, Ethan Had "A Feeling" That He Was Going

question 16

Multiple Choice

One day, Ethan had "a feeling" that he was going to get a phone call from a long-lost friend. That evening, an old high school classmate called, inviting him to attend a class reunion. Now Ethan is telling everyone that he is psychic. According to your textbook, which cognitive bias provides the BEST explanation for Ethan's belief?

• A)the overestimation effect
• B)the belief-bias effect
• C)confirmation bias
• D)the fallacy of positive instances

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Definitions:

Cash Flows

The aggregate flow of money coming into and going out of a company, essentially impacting its ability to cover immediate expenses.

Transactional Leaders

Leaders who focus on the role of supervision, organization, and group performance; they are concerned with status quo and day-to-day progress.

Transformational Leaders

Individuals who inspire and motivate followers to achieve results beyond their expected capabilities, often by instilling a sense of mission or by transforming the organizational culture.

Mutually Beneficial Exchanges

Mutually beneficial exchanges are transactions or interactions where all participating parties gain value or benefit, often used in economics, international relations, and negotiations.