Question

A banker opts for short-term gain despite indications that his decision might not pay off in the long run. which error or bias is the banker guilty of? select one:

a. representation
b. immediate gratification
c. selective perception
d. overconfidence

Answer 1

l believe the answer is:B. immediate gratification

immediate gratification refers to desire to fulfill all your desire witohout the capability to prolong or prevent it.
This type of gratification often resulted in the tendency for that individual to act on sudden impulses rather than making a well-thought planning for his/her actions.