A banker opts for short-term gain despite indications that his decision might not pay off in the long run.Which error or bias is the banker guilty of?
A)Selective perception bias
B)Immediate gratification
C)Representation
D)Overconfidence

Question

Quizplus · Accepted Answer

The banker is guilty of the immediate gratification bias, as he is prioritizing short-term gain over long-term benefits, despite the potential negative consequences of his decision in the future.

A Banker Opts for Short-Term Gain Despite Indications That His