Readily available information may not present a complete picture of a situation due to
A) availability bias.
B) information bias.
C) the representativeness effect.
D) anchoring and adjustment bias.
E) confirmation bias.

Question

Quizplus · Accepted Answer

When availability bias is present, managers use information readily available from memory to make judgments. Managers tend to give more weight to more recent behavior. Because of availability bias, managers use information readily available from memory to make judgments.

Readily Available Information May Not Present a Complete Picture of a Situation