The psychological bias known as illusion of control refers to a
A) decision bias influenced by the way in which a problem or decision alternative is phrased or presented.
B) belief that one can influence events even when one has no influence over what will happen.
C) bias weighting short-term costs and benefits more heavily than longer-term costs and benefits.
D) condition that occurs when a decision-making group loses sight of its original goal and a new, less important goal emerges.
E) phenomenon that occurs in decision making when group members avoid disagreement as they strive for consensus.

Question

Quizplus · Accepted Answer

The illusion of control is the belief that one can influence events even when one has no influence over what will happen. It is a type of cognitive bias in which individuals overestimate their ability to control or influence events that are largely determined by chance or outside forces.

The Psychological Bias Known as Illusion of Control Refers to a