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:

Self-Determination

A concept emphasizing the ability of individuals to make choices and control their own lives, often highlighted in contexts of personal development and autonomy.

Leadership

The act of guiding and directing a group towards achieving a common goal through influence and motivation.

Self-Interests

The consideration of one's personal advantage or benefit in decisions or actions.

Leadership Effectiveness

The degree to which a leader is able to achieve organizational or team objectives through the direction and motivation of others.