Francine was at an auction,and,like many other bidders,she wanted to successfully bid on an antique lamp.She managed to outbid 10 other bidders,but she ended up paying $5000 more than it was worth.Francine has exhibited
A) overconfidence bias.
B) hindsight bias.
C) randomness error.
D) escalation of commitment.
E) risk aversion.
Correct Answer:
Verified
Q17: Alison is trying to make a career
Q18: Decision making would be best described as
Q19: Fred had a tight work deadline.Although the
Q20: Hiring the _ person to do the
Q21: When group members exaggerate the initial positions
Q23: Emery's team must make a decision quickly
Q24: The evidence indicates that,on average,groups make
A)less expensive
Q25: SCENARIO 9-1
Your organization is considering the use
Q26: Groupshift most often means decisions
A)are made by
Q27: One of the symptoms of groupthink is
A)illusion
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