Dino decides to open a grooming studio for pets and also an exclusive resort for pets and their owners in the Philippines,as part of his company's expansion plans.His belief that the venture will bring huge revenues to the company is probably influenced by a(n)_____ bias.
A) framing
B) hindsight
C) overconfidence
D) anchoring
E) escalation of commitment

Question

Quizplus · Accepted Answer

Dino's belief that the venture will bring huge revenues to the company is probably influenced by overconfidence bias, which is the tendency to overestimate the accuracy of one's beliefs and judgments. He may be overly optimistic about the success of the venture without considering potential risks or challenges.

Dino Decides to Open a Grooming Studio for Pets and Also