Managers sometimes become overconfident and make high-risk decisions because they mistakenly believe that a past success was due to their decision, when it may have been because of 'luck' such as a competitor making an error. The manager in this case is making
A) An intuition error
B) An attribution error
C) A trade-off error
D) An aspiration error

Question

Quizplus · Accepted Answer

The manager is making an attribution error by incorrectly attributing their past success to their own decision-making skills rather than considering external factors like luck or competitor errors.

Managers Sometimes Become Overconfident and Make High-Risk Decisions Because They