Relying on "Gut Feeling" Over Cognitive Problem Solving in Decision

question 101

Multiple Choice

Relying on "gut feeling" over cognitive problem solving in decision making is a phenomenon called ________.

• A)anchoring effect
• B)intuition
• C)overconfidence bias
• D)hindsight bias
• E)escalation of commitment

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Definitions:

Charitable Subsector

A division within the nonprofit sector that focuses specifically on organizations whose primary purpose is charitable work.

Government Financial Support

Monetary assistance provided by governmental bodies to organizations, individuals, or sectors, often aimed at stabilization, growth, or specific goals.

Fungible

A characteristic of goods, commodities, or assets that are equivalent and interchangeable, such as currency or certain commodities.

State Governments

The governing bodies of individual states in a federal system, responsible for local legislation, enforcement, and services within their territories.