Which of the following cannot be among their main errors when consumers make in judgement and decision-making? People are overconfident B) People tend to interpret evidence to confirm beliefs they already hold. People have a natural tendency to look for examples which confirm their existing view or hypothesis People do not give too much weight to a small number of vivid observations When making decisions many people will use short cuts that help simplify the decision-making process.

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter10: Consumer Choice Theory
Section: Chapter Questions
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Which of the following cannot be among their main errors when consumers make in judgement and decision-making?
People are overconfident
B) People tend to interpret evidence to confirm beliefs they already hold.
People have a natural tendency to look for examples which confirm their existing view or hypothesis
D People do not give too much weight to a small number of vivid observations
When making decisions many people will use short cuts that help simplify the decision-making process.
Transcribed Image Text:Which of the following cannot be among their main errors when consumers make in judgement and decision-making? People are overconfident B) People tend to interpret evidence to confirm beliefs they already hold. People have a natural tendency to look for examples which confirm their existing view or hypothesis D People do not give too much weight to a small number of vivid observations When making decisions many people will use short cuts that help simplify the decision-making process.
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