Anchoring effect means decisions based on how information is presented, conformation Bias decisions based on favorable first impressions. Framing is decisions based on agreeable opinion versus contradictions. Halo Effect is attribution of unverified qualities of a person or thing based on an observed trait. Negative Bias is decision based on one negative quality of person, thing, or idea.
What is a bias?
Biases can impede decision-making abilities of the individuals, limits the problem-solving abilities, stymie the job performance, harm the dependability of the memory, decrease the capacity to respond in crisis situations, increase anxiety and despair, and harm the relationships.
It can be described as:
- Anchoring effect means decisions based on how information is presented.
- Conformation Bias decisions based on favorable first impressions.
- Framing is decisions based on agreeable opinion versus contradictions.
- Halo Effect is attribution of unverified qualities of a person or thing based on an observed trait.
- Negative Bias is decision based on one negative quality of person, thing, or idea.
Thus, the match can be made as A-1, B-5, C-4, D-3, and E-2.
For more information regarding decision-making, visit:
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