A common tendency related to the overconfidence bias is that as managers and employees become...
Question:
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.
a. True
b. False
Cognitive Bias:
Cognitive Bias refers to an individual's error in thinking due to misinterpreting information. Cognitive Bias leads to poor decision making and problem-solving. It is merely the human brain's attempt to simplify the process of information evaluation.
Answer and Explanation:
Become a Study.com member to unlock this answer! Create your account
View this answerThe statement is false.
Individuals having more knowledge about a particular issue are less likely to display overconfidence due to the simple fact...
See full answer below.
Ask a question
Our experts can answer your tough homework and study questions.
Ask a question Ask a questionSearch Answers
Learn more about this topic:
Get access to this video and our entire Q&A library
Cognitive Bias: Definition & Examples
from
Chapter 3 / Lesson 10
57K
Understand cognitive bias and how it arises. Identify common biases through a list of cognitive bias examples that affect thoughts, perceptions, and behaviors.
Related to this Question
- Central tendency is a problem that occurs when a supervisor's rating of a subordinate on one trait biases the rating of that person on other traits. Indicate whether this statement is true or false.
- A survey of over 2,100 CFOs across 20 industries indicated that a lack of interpersonal skills is the top reason why some employees fail to advance. Indicate whether the statement is true or false.
- Current employee opinion polls indicate that subordinate's trust in managers is critically low. a. true b. false
- When managers rationally evaluate the probability of risks, they tend to underestimate their ability to control these risks. Indicate whether the statement is true or false
- Employers typically base decisions on false impressions and stereotypes when they fail to clarify in advance what traits and knowledge are necessary for a specific job. a. True b. False
- The tendency for individuals to attribute their own successes to internal factors and put the blame for failures on external factors is known as the confirmation bias. Indicate whether the statement is true or false.
- Employees with transformational leaders tend to have higher levels of task performance. Indicate whether this statement is true or false.
- Setting seemingly impossibly high objectives, those outside the likely reach of employees, helps managers to create and maintain a high motivation level. a. True b. False
- The Peter Principle states that employees tend to be promoted to the level of their incompetence. Indicate whether the statement is true or false.
- The most desirable pattern of managerial skills is known as team management, where the leader scores high on both concern for people and concern for production. Indicate whether the statement is true or false.
- Whatever a company's underlying assumptions are, its hidden beliefs are those that are the most likely to dictate employee behavior and affect employee attitudes. Indicate whether this statement is true or false.
- The fundamental attribution error refers to the tendency to think that performance problems are caused by something under the control of the employer rather than by factors within the employee's control. Indicate whether the statement is true or false.
- Subordinates can influence the motivation of their superiors through their ability to punish behavior by subtly withholding rewards. Indicate whether the statement is true or false.
- Answer true or false: Recently your boss remarked to you, "I don't know where you are coming from." Other people have expressed frustration with you over your lack of team play. You should conclude that you may be losing your expert power.
- It is unlikely that a manager can positively influence the self-efficacy of subordinates. Indicate whether the statement is true or false.
- True or false? Employees can be taught how to be exceptional managers.
- Interviewers tend to rate candidates who promote themselves and use impression management tactics more poorly on candidate-job fit. a. True b. False
- A potential disadvantage of being a telecommuter is that many of these workers believe they are likely to be passed over for promotion. Indicate whether the statement is true or false.
- True or false? Whether managers are trying to increase productivity or decrease turnover rates, it is good to get a sense of how employees feel they are being treated.
- Employees of transformational leaders tend to be more committed to their organizations. Indicate whether this statement is true or false.
- One of the biggest pitfalls many entrepreneurs stumble into is failing to differentiate their companies from the crowd of competitors. a. True b. False
- True or false? Managers who involve employees in decision-making find that better decisions are made and employees are more likely to support those decisions.
- Personal rumors are those that concern the organization and usually influence employee productivity. Indicate whether the statement is true or false
- Explicit knowledge is what employees can typically learn only through experience. Indicate whether this statement is true or false.
- Managers can use the principle of extinction to their advantage by deliberately not reinforcing employee behavior that they consider undesirable. Indicate whether the statement is true or false.
- Employees who let their attitudes turn negative during a plateau period are defeating themselves. Indicate whether the statement is true or false.
- Hiring top executives from rival firms is a way companies obtain competitive intelligence.True or false
- Often when people who are promoted on the basis of technical ability fail in their new jobs, it is because they lack emotional competencies that are crucial at the higher level. a. True b. False
- Bottom-up changes sometimes originate from managers. Indicate whether the statement is true or false.
- The tendency to underestimate the influence of external factors and overestimate the influence of internal factors when making judgments about the behavior of others is known as the randomness error. Indicate whether the statement is true or false.
- Workers with low self-esteem tend to be highly creative and innovative because they frequently seek to improve. Indicate whether the statement is true or false
- Most managers have little impact on the amount of personal power they possess, but a great deal of impact on the amount of position power they have. a. true. b. false
- Top employees often outperform the average or poor employees by as much as 100%. a. True b. False
- True or false? Most companies discourage workers from working in teams because they fear a loss of productivity.
- Staff managers are always someone's boss. a. True b. False
- Bosses are human and are learning and developing their skills. Indicate whether the statement is true or false.
- True or false? Generally, employees with a high need for power are motivated by collegial work environments.
- Research suggests that employees underestimate how powerful a motivator pay is to them. Indicate whether this statement is true or false.
- "Employees have to trust supervisors to treat them fairly and supervisors have to trust employees to fulfill their responsibilities conscientiously." Indicate whether the statement is true or false.
- New motivation theories suggest that money is limited in its ability to motivate employees. a. True b. False
- Successful supervisors and leaders at all levels can create a positive force the pulls employees into a circle of involvement and activity. Indicate whether the statement is true or false.
- Strategists are usually found in higher levels of management and have considerable authority for decision-making in the firm. Indicate whether the statement is true or false
- According to the time-driven model of leadership, autocratic styles should be used for decisions in which the likelihood of employee commitment is high. a. True b. False
- True or false? Management can lose its authority and power by empowering its employees.
- Staffing issues can involve hiring new people with new skills, firing people with inappropriate or substandard skills, and/or training existing employees to learn new skills. Indicate whether the statement is true or false
- Middle managers are generally the most visible and critical of all strategic managers. Indicate whether the statement is true or false
- Generally speaking, it is not the "workaholic" employee but the one who seems to be hanging around a lot who is a risk factor for employee theft. Indicate whether the statement is true or false.
- State true or false and justify your answer: Goal-setting theory suggests that employees are more likely to experience a high degree of motivation when management assigns a series of specific goals for the employee to achieve.
- An overconfident manager is apt to make bad decisions. (a) True (b) False.
- Managers who receive feedback from subordinates who identify themselves view the upward appraisal process more negatively than do managers who receive anonymous feedback. Indicate whether this statement is true or false.
- Bullying in which managers throw objects at subordinates is known as "constant critic." Indicate whether the statement is true or false.
- A person's tendency to believe he or she can predict the outcome of random events is known as the self-serving bias. Indicate whether the statement is true or false.
- Managers can do a lot to influence employee ethics by carefully cultivating the right norms, leadership, reward systems, and culture. Indicate whether this statement is true or false.
- Depressed employees have a tendency to be absent from work but are not typically prone to more accidents. True or false.
- The very characteristics that make entrepreneurs successful creativity, risk taking, and action orientation can cause them to fail because they lose sight of where they are going. Indicate whether the statement is true or false.
- Employees' beliefs in the degree to which they influence their work environment, their competence, the meaningfulness of their jobs, and their perceived autonomy is known as psychological empowerment. Indicate whether the statement is true or false.
- Most managers are very willing and able to set measurable goals for their subordinates. Indicate whether this statement is true or false.
- Strictness is a common error that occurs when employees are incorrectly rated near the average or middle of the scale. Indicate whether this statement is true or false.
- True or false? Engaged employees are less likely to report ethical misconduct because they have a strong sense of loyalty to their coworkers.
- Effective leaders communicate downward to make sure employees at all levels understand clearly and consistently the purpose and direction them. Indicate whether the statement is true or false.
- Situational interviews typically have a lower validity than behavioral interviews in predicting job performance. Indicate whether this statement is true or false.
- A study involving over 1,000 employees suggested that abusive supervisors are being abused by higher management. Indicate whether the statement is true or false
- True or False: When employees have no legitimate power over their coworkers, they may need to rely on persuasive communication.
- Mentoring provides unfiltered access to the attitudes of lower-ranking employees and can help anticipate potential organizational problems. Indicate whether the statement is true or false.
- The lack of promotion opportunities is the primary reason that top-performing employees leave an organization. Indicate whether this statement is true or false.
- Role ambiguity is often experienced among new employees who haven't been around long enough to receive instructions from supervisors or observe and model the role behaviors of more senior colleagues. Indicate whether this statement is true or false.
- The tendency for individuals to attribute their successes to internal factors while putting the blame for failures on external factors is called the fundamental attribution error. Indicate whether the statement is true or false.
- The challenge for managers in the coming decades will be to recognize that people with common, but different characteristics from the mainstream, often think, act, learn, and communicate differently. Indicate whether this statement is true or false.
- Studies suggest that managers who receive upward feedback from identified subordinates view the upward appraisal process more negatively than do managers who receive anonymous upward feedback. Indicate whether this statement is true or false.
- Employees falling under the category of "lone wolves" tend to respond to negative events with voice because they have the desire to improve the status quo and the credibility needed to inspire change. a. True b. False
- Today's managers and employees must learn to cope with temporariness, flexibility, spontaneity, and unpredictability. a. True b. False
- The trend in corporate downsizing and the resulting trust gap have spawned both the "corporate castoff" and the "corporate dropout." Indicate whether the statement is true or false.
- If employees believe that hard work will lead to good performance and that they will receive low valence rewards according to their performance, then they will most likely feel highly motivated. Indicate whether the statement is true or false.
- Those with a performance-proven orientation focus on demonstrating their competence so that others will not think poorly of them. Indicate whether this statement is true or false.
- Managers with an ethnocentric attitude do not trust foreign employees with key decisions or technology. Indicate whether the statement is true or false.
- Interviewers tend to be more influenced by unfavorable than favorable information about a candidate. Indicate whether this statement is true or false.
- According to the Society of Human Resource Managers, 360-degree feedback is almost always used for line employees and first-level supervisors. a. True b. False
- Research suggests that cognitive skills are even more important for leaders when their job involves helping to make decisions about the actual work the group is performing. Indicate whether the statement is true or false.
- Managerial hubris is the well-founded belief held by managers in bidding firms that they can manage the assets of a target firm more efficiently than the target firm's current management. Indicate whether the statement is true or false
- Traits are more predictive of leader emergence than they are of leader effectiveness. a. True b. False
- Unfortunately for management, engaged workers tend to be so self-absorbed and interested in their own careers that they lower organizational prosperity. Indicate whether the statement is true or false.
- When using legitimate power, managers should be careful to offer the types of rewards people desire and not promise more than they can deliver. Indicate whether this statement is true or false.
- Entrepreneurs are typically people with high self-esteem. Indicate whether the statement is true or false.
- True or False: Planned experiences to develop employees should be used only for managers.
- True or false? A merit pay incentive system is usually used to attract employees who are more team-oriented.
- Opponents of forced distribution contend that the system fosters paranoia among employees and destroys company loyalty. Indicate whether this statement is true or false.
- Interviews are valid predictors of success on the job, which is why they are commonly used to evaluate applicants. Indicate whether this statement is true or false.
- Participation decreases the likelihood that employees will work for rewards and outcomes they value. Indicate whether the statement is true or false.
- In most cases, when a company has at least 100 employees, it can afford to hire an HR specialist to handle recruiting, training, and compensating employees. Indicate whether this statement is true or false.
- Human relations can be valuable to a supervisor or leader to become better at what they do but probably is not very useful to most employees. Indicate whether the statement is true or false.
- Reverse mentoring is a process in which older employees learn from the younger ones. Indicate whether this statement is true or false.
- True or false? A manager is likely to lose the trust of employees if he/she does not abide by the ethical principles of the company.
- Indicate whether the statement is true or false. \\ One reason employees usually don't do what they are expected to do is because they lacked the skills to perform the task.
- The ability to learn from operations can be helped if managers perceive that there is too much to be learned. Indicate whether the statement is true or false.
- Low-performing firms typically underestimate their competitor's strengths and overestimate their own strengths. Indicate whether the statement is true or false
- True or false? Executives motivate, direct, and monitor the work of the managers who report to them.
- Managers can identify influencers (highly networked people trusted by their coworkers) by noting which individuals are small talkers (those who regularly communicate about insignificant, unrelated issues). Indicate whether the statement is true or false.
- The field of Organizational Behavior seeks to develop a base of knowledge about personal issues experienced by employees. A. True B. False
- The lack of monetary rewards is one cause of managers not engaging in strategic planning. Indicate whether the statement is true or false
- A worker with political skills typically inspires the trust and support of work associates. Indicate whether the statement is true or false.
Explore our homework questions and answers library
Browse
by subject