Question

The bandwagon effect, a common decision-making bias, is ________.

A) the characteristic of an individual who prefers to avoid losses rather than acquire gains

B) the tendency to believe certain outcomes because others believe the same

C) the tendency to believe that our forecasts are better than they truly are

D) the tendency to search for information that supports one's preconceived beliefs

E) an individual's tendency to believe that he/she is less susceptible to risky events

Answer

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