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

Question

Quizplus · Accepted Answer

Studies have shown that people are often overconfident in their abilities and judgments, which can lead to poor decision-making. They also tend to give more weight to vivid or memorable examples, even if they are not representative of the overall data or situation. Finally, people can be reluctant to change their minds or opinions, even in the face of new evidence or information. These are all examples of systematic mistakes or biases in human decision-making.

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