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.
What is the full form of the term LIBOR as used in financial/banking sector?
Which of the following statements is FALSE about the function of a commercial bank
RBI was initially constituted to ___________.
Match the following:
A) Bank Rate P) Minimum interest rate bank is allowed to charge
B) Base Rate Q) Price of a ...
The European country which is the guarantor of Bank of Central African States is
eVIN stands for?
The Headquarter of Bhartiya Mahila Bank (BMB) is situated at
Under which scheme, a saving account can be opened in the name of girl child and deposits can be made for 14 years and the girl is allowed to withdraw 5...
Which of the following organizations associated with investigations in an act of Money laundering ?
A shopkeeper allows a discount of 20% on a product and incurs a loss of 15%. If the difference between the discount given and the loss is Rs. 220, find ...