General Studies · Organizational Behavior
Match List - I (Decision making Bias) with List - II (Explanation): List - I (a) Anchoring Bias (b) Escalation of commitment (c) Confirmation Bias (d) Hindsight Bias List - II (i) Represents a case of selective perception (ii) Refers to our staying with a decision even if there is clear evidence it's wrong (iii) Tendency to believe falsely, after the outcome is known, that we would have accurately predicted it (iv) Tendency to fixate on initial information and fail to adequately adjust for subsequent information Choose the correct option from those given below:
- 1(a) - (iii); (b) - (i); (c) - (iv); (d) - (ii)
- 2(a) - (iv); (b) - (ii); (c) - (iii); (d) - (i)
- 3(a) - (iv); (b) - (ii); (c) - (i); (d) - (iii)✓
- 4(a) - (ii); (b) - (iii); (c) - (i); (d) - (iv)
Correct answer
(a) - (iv); (b) - (ii); (c) - (i); (d) - (iii)
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