Multiple Choice
Having just spent $1,500 for a new engine for his old car, Danilo now learns his transmission needs to be replaced.He decides to junk the car now, rather than repair it.Danilo has avoided the __________ bias.
A) anchoring and adjustment
B) confirmation
C) availability
D) representativeness
E) escalation of commitment
Correct Answer:
Verified
Correct Answer:
Verified
Q74: Being "loss adverse" and hating to admit
Q75: Scott has received training in resolving ethical
Q76: Fawaz is contemplating a couple of new
Q77: Ryan is an efficient manager who is
Q78: Jerome's accounts payable department is behind schedule
Q80: Which of the following statements about biased
Q81: Identify the steps of rational decision making.
Q82: An analytical decision-making style reflects a person
Q83: Jenna manages a retail store and she
Q84: The rational model of decision making assumes