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a) Confirmation bias……Selective search for evidence. People tend to be willing to gather facts that support certain conclusions but disregard other facts that support different conclusions.
b) Premature termination of search for evidence - People tend to accept the first alternative that looks like it might work.
c) Inertia - Unwillingness to change thought patterns that one has used in the past although circumstances are new.
d) Selective perception - We actively screen out information that we do not think is important.
e) Wishful thinking or optimism bias - a tendency to want to see things in a positive light that can distort one's perception and thinking.
f) Choice-supportive bias……. occurs when people distort their memories of chosen and rejected options to make the chosen options seem more attractive.
g) Recency - tendency to place more attention on more recent information and either ignore or forget more distant information.
h) Repetition bias - A willingness to believe what we have been told most often and by the greatest number of different sources.
i) Anchoring and adjustment - Decisions are unduly influenced by initial information that shapes our view of subsequent information.
j) Groupthink - Peer pressure to conform to the opinions held by the group.
k) Source credibility bias - tendency by people to reject something if they have a bias against the person, organization, or group to which the person belongs: an inclination to accept a statement by someone that one likes.
l) Incremental decision making and escalating commitment - We look at a decision as a small step in a process and this tends to perpetuate a series of similar decisions.
m) Attribution asymmetry - tendency by people to attribute their success to their abilities and talents, while they attribute their failures to bad luck and external factors. Tendency to attribute other's success to good luck, and their failures to their mistakes.
n) Role fulfillment (Self-Fulfilling Prophecy) - this is a tendency to conform to the decision-making expectations that others have of someone in our position.
o) Underestimating uncertainty and the illusion of control - tendency by people to underestimate future uncertainty because they tend to believe that they have more control over events than they really do. The belief that they have control to minimize potential problems in the decisions made.
Chatelaine answered the question on June 16, 2021 at 06:15
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