Bluetooth mobile communication technology has all of the following advantages over Wi-Fi except one:
A) Bluetooth is well suited for use with cell phones.
B) Bluetooth works over shorter distances than Wi-Fi.
C) Bluetooth consumes less power than Wi-Fi.
D) Bluetooth can handle data as well as voice.
E) Bluetooth technology has been incorporated into automobiles.
B
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A common tendency related to the overconfidence bias is that as managers and employees become more knowledgeable about an issue, they become more likely to display overconfidence
Indicate whether the statement is true or false
One of the core problems that created the financial meltdown of 2008 was that large loans were made to individuals who could not repay them, and the finance companies purchased these bad debts without realizing how poor the prospects of repayment
were. Which of the following decision-making errors was made by the lenders and borrowers? A) hindsight bias B) availability bias C) overconfidence bias D) confirmation bias E) anchoring bias