Business managers are often overly confident of their own hiring ability because they are more likely to monitor the successes of people they hired than the achievements of those they rejected.This illustrates that overconfidence may be facilitated by
A) an algorithm.
B) prototypes.
C) the framing effect.
D) confirmation bias.

Question

Quizplus · Accepted Answer

Confirmation bias occurs when we tend to selectively seek out and interpret information in a way that confirms our pre-existing beliefs or hypotheses. In this scenario, business managers may have the pre-existing belief that they are good at hiring, and they may actively seek out and remember information that confirms this belief (i.e. the successes of those they hired) while ignoring or forgetting information that contradicts it (i.e. the achievements of those they rejected). This tendency can lead to overconfidence in their hiring ability.

Business Managers Are Often Overly Confident of Their Own Hiring