A team of accounting students is working on a case where they are required to assess a set of information to determine a company's allowance for bad debts. The students have many pieces of information to analyze, including: Requirement Analyze the discussion and determine the type of cognitive bias most consistent with the statements made by each student, providing an explanation for your answer. Data table weighing at more heavily than cener pitces of informatich. 6. Jennifer's statement indicates that she is more confident than hec, ablities and experience ievel would cblectovely warrant. 7. Jennifer is locusing on the finst piece of irlormation in the case. This information is easily avaloblo and can be easily recalled, as opposed to considering all relevart data. 8. Jake is tocusing on one ploce of infomasion, woighting t more heavly than Data table 1. Marina is focusing on one piece of information, weighting it more heavily than other pleces of information 2. Jake is discounting the importance of the economic factors and thus under-woights information that is not consistent with his initial beliefs. 3. Tom's statemont indicates that he is more confident than his abifies and experience lewel would objectively warrant. 4. Marina is discounting the importance of the economic factors and weighting 4 mote heavly than ocher pinces of information. 6. Jennifer's statement indicabes frat she is more confident than her ablities and experience level would objectively warrart. 7. Jenniler is focusing on the finst plece of intomation in the case. This intormation is easly avaibble and can be easily recaled, as coposed to oonsidering all relevart data. 8. Jake is focuving on che piece of edormation weighting it more heavity than other pleces of indormation. A team of accounting students is working on a case where they are required to assess a set of information to determine a company's allowance for bad debts. The students have many pieces of information to analyze, including: Requirement Analyze the discussion and determine the type of cognitive bias most consistent with the statements made by each student, providing an explanation for your answer. Data table weighing at more heavily than cener pitces of informatich. 6. Jennifer's statement indicates that she is more confident than hec, ablities and experience ievel would cblectovely warrant. 7. Jennifer is locusing on the finst piece of irlormation in the case. This information is easily avaloblo and can be easily recalled, as opposed to considering all relevart data. 8. Jake is tocusing on one ploce of infomasion, woighting t more heavly than Data table 1. Marina is focusing on one piece of information, weighting it more heavily than other pleces of information 2. Jake is discounting the importance of the economic factors and thus under-woights information that is not consistent with his initial beliefs. 3. Tom's statemont indicates that he is more confident than his abifies and experience lewel would objectively warrant. 4. Marina is discounting the importance of the economic factors and weighting 4 mote heavly than ocher pinces of information. 6. Jennifer's statement indicabes frat she is more confident than her ablities and experience level would objectively warrart. 7. Jenniler is focusing on the finst plece of intomation in the case. This intormation is easly avaibble and can be easily recaled, as coposed to oonsidering all relevart data. 8. Jake is focuving on che piece of edormation weighting it more heavity than other pleces of indormation
