Relying on "gut feeling" over cognitive problem solving in decision making is a phenomenon called ________.
A)hindsight bias
B)escalation of commitment
C)intuition
D)overconfidence bias

Question

Quizplus · Accepted Answer

The phenomenon described in the question is intuition - relying on gut feeling rather than cognitive problem-solving. Hindsight bias refers to the tendency to believe, after an event occurs, that we would have predicted or expected it to happen (even if we did not actually make such a prediction). Escalation of commitment refers to the tendency to continue investing resources (like time or money) in a decision or project even when it is not yielding desired results, because of sunk costs. Overconfidence bias refers to the tendency to overestimate one's own abilities or level of knowledge.

Relying on "Gut Feeling" Over Cognitive Problem Solving in Decision