Which of the Following Decision Biases May Occur When Individuals

question 87

Multiple Choice

Which of the following decision biases may occur when individuals draw broad conclusions from small sets of observations instead of more reliable sources of information derived from large, randomly selected sets of observations?

• A) Escalation of commitment
• B) Overconfidence bias
• C) Fundamental attribution error
• D) Judgments about correlation and casualty
• E) Misunderstandings about sampling

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Definitions:

Nonsense Syllables

Meaningless sets of two consonants with a vowel sound in the middle, used in memory and learning experiments.

Ebbinghaus

Hermann Ebbinghaus was a German psychologist who pioneered the experimental study of memory and is best known for his discovery of the forgetting curve and the spacing effect.

Body Mass Index

A numerical computation that estimates body fat based on an individual's height and weight.

Overweight

A condition where an individual has more body weight than is considered healthy for their height, often measured by body mass index (BMI).