Which of the following statements about biased decision making is true?
a. hindsight you correctly assess what you should have known beforehand.
b. when you are making a decision and you have considerable experience in that area, you are then most likely to be overconfident.
c. when confronted with a choice, people with strong prior beliefs tend to make their decisions based on their beliefs even if their beliefs are false.
d. sometimes a single event can allow you to determine the trend.
e. you could confidently make a decision about something by asking 20 of your friends and deciding based on their preferences.

c. When confronted with a choice, people with strong prior beliefs tend to make their decisions based on their beliefs even if their beliefs are false.

Explanation:

Biased decision is the one which is made, with own understanding or the decisions made for own's comfort, or within own's comfort.

This decision is made after knowing all the facts, but then choosing to act in the favor of the choice beneficial for the one.

This is made on the knowledge basis of prior understanding, this does not value all the facts, even though the facts are known.

Accordingly correct answer is:

Statement C

hi noah!

the first time you break a rule, you get a warning.

if you continue to break rules you get kicked out for a certain amount of time.

so, to answer your question 1.

hope this buddy!

- courtney

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi