Six Months After Starting an Event Management Company,Dynamo,with a Partner,Jenny

question 27

Multiple Choice

Six months after starting an event management company,Dynamo,with a partner,Jenny finds that projections of revenue are significantly lower and the future projections are also bleak.To alleviate the situation,Jenny invests another $25,000 from her savings into the venture.She may be affected by a(n) :

• A) overconfidence bias.
• B) confirmation bias.
• C) escalation of commitment bias.
• D) hindsight bias.
• E) framing bias.

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Definitions:

Psychological Disorders

Conditions characterized by abnormal thoughts, feelings, and behaviors.

DSM-5

The fifth edition of the Diagnostic and Statistical Manual of Mental Disorders, a comprehensive classification of mental disorders by the American Psychiatric Association.

Symptoms

The signs or indications of a disease or condition that are noticed by the patient, often leading to a diagnosis.

Diagnosis

Diagnosis is the identification of the nature and cause of a certain phenomenon, typically concerning the process of determining a disease or condition from its signs and symptoms.