Below are five statements. Indicate which type of cognitive bias is present in each situation. (a) ...

Below are five statements. Indicate which type of cognitive bias is present in each situation.

(a) Mark, a financial advisor, suggested many clients purchase stock in a new technology company. When the stock price fell dramatically, Mark proclaimed he saw the fall coming.

(b) Kelly begins buying lottery tickets at a local convenience store that recently sold a million-dollar ticket.

(c) Suzie failed her mathematics exam. Despite the fact that she was unprepared for the exam, she blamed the instructor.

(d) Jim, the new CEO of Business X, has made a string of bad decisions over the past several quarters. He continues to ignore the advice of others on the board and bases his decisions on his judgments.

(e) Nancy tells her boss that she will be finished with a work project by the end of the day. She works until midnight to finish the project on time.

Expert Solution

Rahul Sunny answered 1 year ago

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