The tendency for decision makers to be overconfident of their ability to control activities and events is known as
A) escalation of commitment.
B) the illusion of control.
C) intuition.
D) groupthink.

Question

Quizplus · Accepted Answer

The tendency for decision makers to be overconfident of their ability to control activities and events is known as the illusion of control. This means that decision makers believe that they have more influence over outcomes than they actually do, leading to biased decision making.

The Tendency for Decision Makers to Be Overconfident of Their