BP and Halliburton executives made the decision not to invest in the oil well blowout preventer that experts believe would have prevented the Deepwater Horizon oil rig explosion and fire off the coast of Louisiana.The executives made their decision based on their belief that their decision would have no great negative consequences.Their decision is an example of
A)satisficing.
B)panic.
C)the curse of knowledge.
D)relaxed avoidance.
E)relaxed change.

Question

Quizplus · Accepted Answer

Relaxed avoidance is when decision-makers choose not to act because they believe that the consequences of not acting will not be significant.

BP and Halliburton Executives Made the Decision Not to Invest