Asked by Travis Williams on May 19, 2024
Verified
Julie is a manager who completely trusts one of her employee's decisions due to his previous good performances. She always looks for positives in his decisions rather than analyzing the employee's decisions in a rational manner. She generally tends to neglect the drawbacks in his decision making. This type of error in decision making is called ___.
A) anchoring and adjustment bias
B) framing error
C) confirmation error
D) representativeness bias
E) lack-of-participation error
Confirmation Error
A cognitive bias that involves focusing on information that confirms one’s preconceptions and ignoring information that contradicts them.
Anchoring and Adjustment Bias
A cognitive bias where individuals rely too heavily on the first piece of information received (the "anchor") when making decisions.
Representativeness Bias
A cognitive bias where individuals inaccurately judge the likelihood of an event by comparing it to an existing prototype in their minds.
- Recognize various kinds of biases impacting decision-making processes.
Verified Answer
NQ
Nguyen QuangMay 21, 2024
Final Answer :
C
Explanation :
Confirmation error, also known as confirmation bias, is the tendency to search for, favor, interpret, and recall information in a way that confirms one's preconceptions or hypotheses, while giving lesser consideration to alternative possibilities. In this scenario, Julie is only considering the positive aspects of her employee's decisions and neglecting any potential drawbacks, indicating a confirmation bias.
Learning Objectives
- Recognize various kinds of biases impacting decision-making processes.