Question

In: Accounting

The list below are a few examples of Cognitive Bias in forecasting. Which of the below...

  1. The list below are a few examples of Cognitive Bias in forecasting. Which of the below are NOT forms of bias cited by Kavanagh/Williams:

Anchoring                          Availability                                            Conservatism

Halo Effect                         Normalcy                                                Overconfidence

Recency                              Search for Supportive Evidence

Selective Perception         Underestimating Uncertainty

  1. Tetlock determined that “Expert Judgement” has no role in forecasting.       True    or    False

Solutions

Expert Solution

The answer for question A shall be as follows:

The following examples of Cognitive Bias in forecasting were not cited by Kavanagh/Williams:

1. Halo Effect.

2. Normalcy.

The answer for question B shall be as follows:

The statement shall be false.


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