Relying on "gut feeling" over cognitive problem solving in decision-making is a phenomenon called __________.
A) sunk costs error
B) intuition
C) overconfidence bias
D) hindsight bias
E) escalation of commitment

Question

Quizplus · Accepted Answer

Intuition is the phenomenon of relying on gut feeling instead of cognitive problem-solving in decision-making. The other options - sunk costs error, overconfidence bias, hindsight bias, and escalation of commitment - refer to different cognitive biases and errors in decision-making.

Relying on "Gut Feeling" Over Cognitive Problem Solving in Decision-Making