Multiple Choice
A manager decided to continue to purchase insurance from a company that charged high premiums, even though the manager knew that he or she could get the same coverage for less.This is an example of what type of cognitive bias?
A) Escalating commitment
B) Illusion of control and overconfidence bias
C) Systematic errors
D) Representative bias
E) Prior hypothesis bias
Correct Answer:
Verified
Correct Answer:
Verified
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