A manager decided to continue to purchase insurance from a company that charged high premiums,even though the manager knew that he or she could get the same coverage for less.This is an example of illusion of control.

Question

Quizplus · Accepted Answer

This is an example of irrational decision-making or possibly brand loyalty, not the illusion of control, which refers to overestimating one's ability to control events.

A Manager Decided to Continue to Purchase Insurance from a Company