Illusion of control, discounting the future, and framing effects are examples of
A) social realities.
B) psychological biases.
C) strategic planning steps.
D) ready-made solutions.
E) time pressures.

Question

Quizplus · Accepted Answer

Illusion of control, discounting the future, and framing effects are all examples of psychological biases, which refer to the ways in which our cognitive processes can lead us to make irrational or suboptimal decisions. Social realities, strategic planning steps, ready-made solutions, and time pressures do not necessarily refer to biases in decision making.

Illusion of Control, Discounting the Future, and Framing Effects Are