The psychological bias known as illusion of control refers to:
A) a decision bias influenced by the way in which a problem or decision alternative is phrased or presented.
B) a belief that one can influence events even when one has no control over what will happen.
C) a bias weighting short-term costs and benefits more heavily than longer-term costs and benefits.
D) a condition that occurs when a decision-making group loses sight of its original goal and a new, less important goal emerges.
E) a phenomenon that occurs in decision making when group members avoid disagreement as they strive for consensus.
Correct Answer:
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