UGM June 2019 Q29
Match List-I with List-II:
| List-I (Decision making Bias) | List-II (Explanation) |
| (a) Anchoring Bias | (i) Represents a case of selective perception |
| (b) Escalation of commitment | (ii) Refers to our staying with a decision even if there is clear evidence it’s wrong |
| (c) Confirmation Bias | (iii) Tendency to believe falsely , after the outcome is known |
| (d) Hindsight Bias | (iv) Tendency to fixate on initial in formation and fail to adequately adjust for subsequent information |
