Question

Anastasia, a regional manager, started a project three years ago while riding high on the success of several other projects that had earned her a name within the company and accelerated her career path. Using her early successes as free rein to move forward with some risky decisions, she found after three years that her decisions were not paying off and the project was in jeopardy. Which of the following biases does Anastasia exhibit in this scenario?

A. Being influenced by initial impressions
B. Justifying past decisions
C. Being overconfident
D. Seeing what one wants to see

Answer 1

C) Being overconfident

Step-by-step explanation:

Anastasia is overconfident because she is erronously thinking that past success implies success in the present, not taking into the account that every moment in life, and each one of the projects, is different.

She took too many risks because in the past those risks had payed off, but she did not make a clear cost-benefit analysis of those risks, otherwise, the decisions would not have failed.