When Ford was slow to recall vehicles to fix a possible carbon monoxide leak, it was most likely due to ________, because Ford was convinced that the modifications made by police departments were the cause of the problem, not the manufacturing of the vehicle.
A) overconfidence bias
B) hindsight bias
C) framing bias
D) escalation of commitment bias
E) sunk-cost bias

Question

Quizplus · Accepted Answer

The overconfidence bias is the bias in which people's subjective confidence in their decision-making is greater than their objective accuracy.

When Ford Was Slow to Recall Vehicles to Fix a Possible