Question: I dont need explanation just an answer! If I attribute your failures to external causes and your successes to internal causes, this is an example

I dont need explanation just an answer!

If I attribute your failures to external causes and your successes to internal causes, this is an example of self-serving bias. True or false?

  • a. True
  • b. False

If you prefer to receive a guaranteed payment of $50, instead of a 50/50 chance of winning $200, then you are considered risk-averse. True or false?

  • a. True
  • b. False

A Human Resources manager reviews a job candidates resume, and already decides that the company should hire her. The manager spends the entire 1-hour interview focusing on all the reasons and evidence that justify that decision. This is best described as an example of:

  • a. Escalation of commitment
  • b. Anchoring bias
  • c. Overconfidence bias
  • d. Confirmation bias
  • e. Risk aversion

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