Asked by Katelyn Nartiff on Jul 19, 2024

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Because it can expose them to unreasonable risks, managers need to understand

A) logic.
B) psychology.
C) overconfidence.
D) groups.
E) certainty.

Overconfidence

A cognitive bias characterized by an individual's belief that they are more capable or knowledgeable than they truly are.

Unreasonable Risks

Risks that are not justifiable in context, often exceeding the potential benefits or involving dangers that could have been avoided with prudent judgment.

Logic

The science that investigates the principles governing correct or reliable inference and reasoning.

  • Acquire knowledge about the effect of presentation and framing on making decisions.
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Verified Answer

MF
Mayra FalconJul 24, 2024
Final Answer :
C
Explanation :
Overconfidence can lead managers to underestimate risks and make overly optimistic decisions without fully considering potential downsides.