Answer:
Hindsight bias
Explanation:
Hindsight bias: In psychology, the term hindsight bias is defined as the propensity of an individual to overestimate his or her capability of predicting or forecasting a particular event's outcome that couldn't have been forecast or predicted.
It hinders an individual to look at an event as more easily predictable than the event is. It can often lead to cause or create memory distortion in an individual.
In the question above, the given statement demonstrates hindsight bias.
The fourth question is correct (D).
To understand this answer, one must understand the mechanism of correction of inflationary processes.
Inflation erodes the purchasing power, thus, the elderly with fixed income will be harmed and not beneficiaries in an inflationary process.
<u>The main mechanism to reduce inflation is the interest rate.</u> In this way, when inflation happens, the Federal Reserve raises the interest rate. This makes public bonds profitable and economic agents begin to use money by buying bonds, reducing the circulation of money and consequently lowering inflation.
For banks that have made adjustable rate loans, this will be a good thing, as interest on the contracts will increase along with the increase in the interest rate, which will make the contracts yield more. Therefore, banks will be the biggest beneficiaries. However, this will happen only when the rate is adjustable.
Answer:
Conducting a 360- degree feedback process
Explanation:
A 360-degree feedback is a method or a process by which feedback or opinions from an employee's colleagues, subordinates and supervisor, as well as a self-evaluation by the individual themselves is gathered.
Here, individuals compare views of their own performance with the behaviorally specific performance info from their colleagues manager, subordinates, and peers.
In the context, Dr. Davis invites his colleagues to attend his class and asks them give or provide feedback on his teaching methods and about engaging his students. Thus Dr Davis is trying to conduct a 360- degree feedback process.
