Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In the 1970s, one million college-bound students were surveyed and asked to compare themselves to their peers. Some of the key findings of the survey

In the 1970s, one million college-bound students were surveyed and asked to compare themselves to their peers. Some of the key findings of the survey were as follows:

70% of the students rated themselves as above average in leadership ability, while only 2% rated themselves as below average in this regard.

With respect to athletic skills, 60% of the students rated their skills as above the median and only 6% of students rated themselves as below the median.

60% of the students rated themselves in the top 10% in terms of their ability to get along with others, while 25% of the students felt that they were in the top 1% in terms of this interpersonal skill.

1- What type of cognitive bias reveals itself in the data mentioned above?

2- How might this cognitive bias adversely influence a managers planning, controlling, and decision-making activities?

3- What steps could managers take to reduce the possibility that this cognitive bias would adversely influence their actions?

please be carefuly when u answer and i need a reference

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

Solve each equation. |-6x + 5 = 4

Answered: 1 week ago