Which of the Following Decision Biases Is Displayed by Individuals

question 79

Multiple Choice

Which of the following decision biases is displayed by individuals who continue on a failing course of action even after it becomes clear that this may be a poor path to follow?

• A)Escalation of commitment
• B)Availability bias
• C)Fundamental attribution error
• D)Judgments about correlation and casualty
• E)Anchoring and adjustment bias

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Definitions:

Ventilation

A process involving the movement of air into and out of the lungs, facilitating gas exchange with the internal environment.

Respiration

The process by which living organisms inhale oxygen from the environment and exhale carbon dioxide as a waste product, essential for life.

Mechanical Movement

The movement or motion induced by a machine or mechanical process.

Diffusion

The process by which molecules move from an area of higher concentration to an area of lower concentration until equilibrium is achieved.