Making a general business decision about where to manufacture a product based on the result of a single survey of one small focus group is a cognitive bias known as illusion of control.

Question

Quizplus · Accepted Answer

This scenario is more accurately described as an overgeneralization or hasty generalization, where a decision is made based on insufficient or unrepresentative data, rather than illusion of control, which involves overestimating one's ability to control events.

Making a General Business Decision About Where to Manufacture a Product