Answered step by step
Verified Expert Solution
Question
1 Approved Answer
What is the difference between the availability and confirmatory biases? A . The availability bias occurs when individuals use the data that is in accordance
What is the difference between the availability and confirmatory biases?
A The availability bias occurs when individuals use the data that is in accordance with industry standards as opposed to actual relevant data. The confirmatory bias occurs when a decision maker compares data to that of an unrelated entity in another industry.
B The availability bias occurs when a decision maker underweights information that is not consistent with their initial beliefs. The confirmatory bias occurs when individuals use the data that is most readily available or most easily recalled to make a decision, as opposed to considering all relevant data.
C The availability bias occurs when a decision maker compares data to that of an unrelated entity in another industry. The confirmatory bias occurs when a decision maker overweights information that is not consistent with their initial beliefs.
D The availability bias occurs when individuals use the data that is most readily available or most easily recalled to make a decision, as opposed to considering all relevant data. The confirmatory bias occurs when a decision maker underweights information that is not consistent with their initial beliefs.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started