Question
Which of the following is NOT one of the biases in
decision making?Solution
Biases or Cognitive bias, can be defined as a set of predictable mental errors that arise from our limited ability to process information objectively. Various biases include confirmation bias (i.e. look for information that supports your existing beliefs and reject data that goes against what you believe), Attribution bias (i.e. the tendency to blame others when things go wrong, instead of looking objectively at the situation, hindsight bias (i.e. belief that one accurately predicted the outcome of a decision before it was made, even if he/she did not), commitment bias (i.e. tendency to remain committed to our past behaviors, even if they do not have desirable outcomes), etc.
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