Errors that people make over and over and that result in poor decision making are known as:
A)recency effect
B)illusion of control and overconfidence bias
C)confirmation bias
D)representative bias
E)systematic errors

Question

Quizplus · Accepted Answer

Systematic errors are repeated errors that individuals make over time, leading to poor decision-making. Choices A, B, C, and D are specific biases that contribute to systematic errors, but none of them encompass all of the errors that result in poor decision-making. Therefore, E is the best choice because it encompasses all types of errors that lead to systematic errors.

Errors That People Make Over and Over and That Result