Studies of human decision-making have detected systematic mistakes that people make. Which of the following have been detected?
A)people are overconfident
B)people give too much weight to a small number of vivid observations
C)people are reluctant to change their minds
D)All of the above are correct.

Question

Quizplus · Accepted Answer

All of the options mentioned have been detected as systematic mistakes in human decision-making. People tend to be overconfident in their abilities and the accuracy of their judgments. They may also give too much weight to a small number of vivid observations rather than considering a broader range of evidence. Finally, people may be reluctant to change their minds once they have formed a particular belief or opinion. These biases can lead to errors in judgment and decision-making.

Studies of Human Decision-Making Have Detected Systematic Mistakes That People