Errors in decision making include:
A) cognitive near-sightedness
B) assuming the future will repeat the past
C) oversimplification
D) all of these choices

Question

Quizplus · Accepted Answer

All of the given choices are errors in decision making, as they can lead to flawed and inaccurate decisions. Cognitive near-sightedness refers to focusing only on immediate, short-term outcomes and ignoring long-term consequences. Assuming the future will repeat the past ignores the possibility of changes or disruptions in the future. Oversimplification involves reducing complex situations or information to simplistic explanations, which can overlook critical nuances and details.

Errors in Decision Making Include