Illusion of control,discounting the future and framing effects are all examples of
A)social realities.
B)psychological biases.
C)rationality.
D)vigilance.
E)time pressures.

Question

Quizplus · Accepted Answer

Illusion of control refers to the tendency to overestimate one's ability to control or influence events. Discounting the future is a bias where people give greater weight to immediate outcomes rather than future consequences. Framing effect is a bias where people's choices are influenced by the way options are presented. All of these examples are psychological biases that can lead to irrational decision making.

Illusion of Control,discounting the Future and Framing Effects Are All