Question
The tendency to blame others when things go wrong,
instead of looking objectively at the situation is known as __________ bias.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. Attribution bias is the tendency to blame others when things go wrong, instead of looking objectively at the situation. Confirmation bias is to look for information that supports your existing beliefs and reject data that goes against what you believe. Hindsight bias is the belief that one accurately predicted the outcome of a decision before it was made, even if he/she did not. Commitment bias is the tendency to remain committed to our past behaviors, even if they do not have desirable outcomes.
Which of the following are members of the Financial Stability & Development Council (FSDC) ?Â
In game theory and economic theory, a mathematical representation of a situation in which each participant's gain or loss of utility is exactly balance...
Recently, 26th National Youth Festival was inaugurated in ____________.
Consider the following statements regarding ‘IBSA Grouping’:
1.   It is a developmental initiative between India, Bangladesh and South Af...
Which amendment in the Indian constitution is described as a "Mini Constitution"?
The baseline ‘Aapka bhala, Sabki bhali’ is associated with —
India has announced financial assistance of USD ____________ loans to Sri Lanka to help the country in building up its depleted foreign reserves and for...
Pradhan Mantri Matsya Sampada Yojana (PMMSY) was launched in ________________.
The D-SIBs banks are classified into _______ buckets.
What is External Commercial Borrowings?