Availability bies-representativeness bias-confirmation bias

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Reference no: EM131719797

Drag each letter to its correct number,

a) Availability Bies,

b) Representativeness Bias

c) Confirmation Bias

d) Sunk-Cost Bias

e) Anchoring and Adjustment Bias

f) Overconfidence Bias

g) Hindsight Bias

h) Framing Bias

i) Escalation of Commitment Bias

1- Much the dismay of his friends and colleagues, Patrick decided to change cellphones carriers, He wasn't happy with the new serviece, but continued to use them rather than switch back to the carrier all of his friends wanted him to use

2- Sue was looking at buying a new car, after looking at the sticker prices on really expensive models, the lower cost models looked even mrore attractive .

3- Logan tried a new sales technique with a new client. It worked! Logan now assumes that his technique will alswo work with all of his crrent clients.

4- After a couple of weeks in his class in corporate finance, Bill decided he should able to do just as good as job of making investement decisions as his broker was.

5- a new company offering office supplies opened up and Kathy decided to try the new vendor, not knowing if their service would be any good. After a few months of good service, Kathy looked back and felt she knew she had picked a winner all along.

6- After finally deciding on what a new car to buy, Mike told his friends and colleagues about it, but disregarding to the things that were said by those who didn't like the model he had chosen.

7- Katrina took her older car to a mechanic and had her transmission rebuilt ( a somewhat costly repair).The next week, her breaks quit working, instead of trading the car, since she already fixed the treansmission, she put in new breaks as well.

8- when she traveled to Australia on business recently, Amber assumed the weather would be the same as her home in New York. She soon found out that insteas of the summer season like it was at home, it was wniter in Australia .

9- when she was looking at leasing a new car, Allison noticed that the car saleman focused more on the monthly payement than on the overall cost of the versus buying it outright.

Reference no: EM131719797

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