Match List - I with List - II :
|
List – I (Decision making Bias) |
List – II (Explanation) |
||
|
a |
Anchoring Bias |
i |
Represents a case of selective perception |
|
b |
Escalation of commitment |
ii |
Refers to our staying with a decision even if there is clear evidence it’s wrong |
|
c |
Confirmation Bias |
iii |
Tendency to believe falsely, after the outcome is known |
|
d |
Hindsight Bias |
iv |
Tendency to fixate on initial information and fail to adequately adjust for subsequent information |
Choose the correct option from those given below:
1
(a) - (ii); (b) - (iii); (c) - (i); (d) - (iv)
2
(a) - (iv); (b) - (ii); (c) - (i); (d) - (iii)
3
(a) - (iv); (b) - (ii); (c) - (iii); (d) - (i)
4
(a) – (iii); (b) - (i); (c) - (iv); (d) - (ii)