Overconfidence does not quickly dissipate via learning because of the existence of contributing biases. Explain


Self-attribution bias, the tendency for people to attribute successes or good outcomes to their own abilities, while blaming failures on circumstances beyond their control, can lead to an increase in overconfidence. Suppose an overconfident individual observes personal performance outcomes that are logically a combination of external and internal (to the individual) forces. If things go well, the thinking will be that this is because of great ability, skill or knowledge (much more so than an objective consideration of circumstances would warrant), and the result will be an increase in overconfidence. On the other hand, adverse events, being only moderately ascribed to personal forces, will not lead to symmetric (but of opposite sign) revisions in overconfidence. As it were, people "learn" to be overconfident. Another contributing bias is hindsight bias, which pushes people into thinking that "they knew it all along.". Going hand in hand with hindsight bias is confirmation bias, the tendency to search out evidence consistent with one's prior beliefs and to ignore conflicting data.

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The ________ salesperson is usually not compensated on the basis of the orders obtained, but receives recognition for indirectly increasing sales

Fill in the blanks with correct word

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Answer the following statements true (T) or false (F)

1.Managers throughout public organizations today are unlikely to be called on to represent their organizations externally. 2.Major developments in public policy are likely to occur through a difficult and convoluted process of bargaining and negotiation. 3.Traditional mechanisms of governmental control are still workable and very appropriate. 4.Public managers at all levels are unlikely to be involved in external relations, so only need to develop skills required for them to manage the internal operations of their organizations. 5.Public distrust of government probably has decreased the attention that legislators pay to agency activities.

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What issues may arise if Lenovo (China) started to provide single-occupancy housing arrangements for its foreign employees to accommodate their needs for privacy while continuing to provide shared dormitories for its Chinese employees?

What will be an ideal response?

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Which of the following is most likely true of individuals who have interpersonal intelligence?

A. They learn best by looking at pictures, watching videos or movies, and visualizing. B. They respond best in situations that provide physical activities and hands-on learning experiences. C. They respond with strong opinions when controversial topics are discussed. D. They learn best by relating, sharing, and participating in cooperative group environments.

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