New Enroll here to Join NaBFID Analyst Into Class on May 6

    Question

    The tendency to blame others when things go wrong,

    instead of looking objectively at the situation is known as __________ bias.
    A Commitment Correct Answer Incorrect Answer
    B Confirmation Correct Answer Incorrect Answer
    C Hindsight Correct Answer Incorrect Answer
    D Anchoring Correct Answer Incorrect Answer
    E Attribution Correct Answer Incorrect Answer

    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.

    Practice Next

    Relevant for Exams: