regulatoryBody NABARD Grade A Prelims Mock Test 2024 Management Concepts of Management Decision Making
In decision-making processes, what does the "Conservatism Bias" primarily affect?
1
The tendency to revise beliefs too slowly in light of new evidence
2
The preference for decisions that align with social norms
3
The inclination to take risks after a series of losses
4
The bias towards making decisions that favor immediate gratification
5
The overestimation of personal control over external events