Multiple Choice
A comprehensive research study has revealed that a local car dealer offers the best prices on cars.Your best friend just told you that the car he purchased at the local dealer was overpriced.As a consequence,you decide to buy your car from an out-of-town dealer.This decision is an example of which of the following systematic mistakes that people make when making decisions?
A) People are overconfident.
B) People give too much weight to a small number of vivid observations.
C) People are reluctant to change their minds.
D) All of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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