Information processing errors consist ofI) forecasting errors.II) overconfidence.III) conservatism.IV) framing.
A) I and II
B) I and III
C) III and IV
D) IV only
E) I, II, and III

Question

Quizplus · Accepted Answer

Information processing errors in decision-making include forecasting errors (incorrect predictions about future events), overconfidence (overestimating one's own ability to perform tasks or to make accurate assessments), and conservatism (the tendency to insufficiently revise one's beliefs when presented with new evidence).

Information Processing Errors Consist OfI) Forecasting Errors