Which of the Following Is Most Similar to the Confirmation

question 141

Multiple Choice

Which of the following is most similar to the confirmation bias?

• A) hindsight bias
• B) better-than-average effect
• C) "what you see is all there is" phenomenon
• D) representativeness heuristic

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Definitions:

Repay Principal

The process of paying back the original amount of money borrowed, not including interest, from a lender or creditor.

Paying Wages

The process of compensating employees for their labor, typically calculated by the hour, day, or based on output.

Cash Outflow

Money that is spent or transferred out of a business, reducing its cash balance.

Cash Equivalents

Short-term, highly liquid investments such as Treasury bills, commercial paper, and money market funds, that are made solely for the purpose of generating a return on temporarily idle funds.