Which of the following statements about biased decision making is true?
A)Hindsight helps you correctly assess what you should have known beforehand.
B)When you are making a decision and you have considerable experience in that area, you are then most likely to be overconfident.
C)When confronted with a choice, people with strong prior beliefs tend to make their decisions based on their beliefs even if their beliefs are false.
D)Sometimes a single event can allow you to determine the trend.
E)You could confidently make a decision about something by asking 20 of your friends and deciding based on their preferences.

Question

Quizplus · Accepted Answer

When confronted with a choice, decision makers with strong prior beliefs tend to make their decision based on their beliefs, even if evidence shows those beliefs are wrong.

Which of the Following Statements About Biased Decision Making Is