Risk managers' ability to identify risks effectively is affected by what are termed cognitive biases. Which of the following is classified as wishful thinking bias? None of all other options When evaluating the revenue resulting from a major new venture, a risk manager is liable to anchor onto the first estimate of the revenue. The manger makes a relatively small adjustment to that estimate and never considers the full range of possible outcomes A risk manager wants a newly proposed project to be approved, and the manager is liable to think only of reasons why this project will be successful A financial institution has already spent $1 billion trying to enter a new market. Later, the financial institution's manager recognized that there seemed to be very little prospect of success. The manager decided not to proceed with projects in the new market and did not take into account the $1 billion expenses spent when making the decision