Which error occurs when managers put too much value on evidence that is consistent with a favored belief or viewpoint and too little on evidence that contradicts their favored position?
A)Confirmation bias
B)Fundamental attribution error
C)Anchoring bias
D)Self-serving bias
E)Sunk cost effect

Question

Quizplus · Accepted Answer

This is a classic definition of confirmation bias, which describes how we tend to seek, interpret, and remember information that confirms our existing beliefs or hypotheses, while downplaying, dismissing, or ignoring evidence that challenges them. This bias can lead to overconfidence, premature closure, and poor decision-making, especially in complex or uncertain situations. Managers who succumb to confirmation bias may overlook warning signs, discount alternative perspectives, and miss opportunities to learn or adapt.

Which Error Occurs When Managers Put Too Much Value on Evidence