The More Optimistic the Entrepreneurs, the Less Successful the Performance

question 44

Multiple Choice

The more optimistic the entrepreneurs, the less successful the performance of their new ventures. Which of the following systematic biases and errors creep into their judgments?

• A) hindsight bias
• B) anchoring bias
• C) confirmation bias
• D) availability bias
• E) overconfidence bias

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Definitions:

Physical Growth

A developmental process marked by increases in size, height, and weight, as well as changes in body composition over time.

Adult Weight

The body weight of an individual when they have reached full growth and development, distinct from childhood or adolescent weights.

Biological Parents

The individuals from whom one inherits genetic material, typically conceptualized as the mother and father whose gametes fused to create a new organism.

Genes

Sequences of DNA that code for proteins and determine the characteristics or traits of an organism, playing a crucial role in inheritance.