Blockbuster FY2000 10K states, "Blockbuster Inc. is the world's leading retailer of rentable home videocassettes, DVDs and video games, with close to 7,700 stores in the United States, its territories and 25 other countries as of December 31, 2000." In 1997, John F. Antioco was recruited to serve as our chairman, president and chief executive officer, selected in part for his significant multi-store retail experience. Under the management team led by Mr. Antioco, we began to develop a new business model that refocused on our core rental business." Viacom FY2000 10K states, "On September 29, 1994, Blockbuster Entertainment Corporation merged with and into the Company." As the parent corporation of Blockbuster, Viacom is in the position to impact Blockbuster with their own cognitive biases or to counter Blockbuster's L&S cognitive biases with Viacom counter-balancing practices. According to Blockbuster's and Viacom's 2000 10K's and using Lovallo & Sibony cognitive bias or counter balancing practice types, what three "statement:type" (cognitive bias or counter balancing practice type) couples appear closest to the truth? Select the single best available answer from those presented below.
"We are also exploring initiatives designed to integrate the capabilities of blockbuster.com with our future entertainment-on-demand services": Anchoring and insufficient adjustment; Viacom holds "96% of the combined voting power of Blockbuster":Misaligned individual incentives; "The Company no longer has any plans for the split‐off of Blockbuster": Loss Aversion.
"We are also exploring initiatives designed to integrate the capabilities of blockbuster.com with our future entertainment-on-demand services": Confirmation bias; Viacom holds "96% of the combined voting power of Blockbuster":Misaligned individual incentives; "The Online segment provides online music and children"s destinations through Internet sites related to MTV: MUSIC TELEVISION, NICKELODEON, NICK AT NITE, VH1 MUSIC FIRST, and CMT: COUNTRY MUSIC TELEVISION, as well as SonicNet.com, and NickJR.com": Sunflower Management.
"On May 4, 2000, CBS Corporation ("CBS") merged with and into the Company": Competitor neglect; Viacom states, "The Video segment consists of an approximately 82% equity interest in Blockbuster Inc., which operates and franchises BLOCKBUSTER(R) video stores worldwide":Making interest bias explicit; "The Company no longer has any plans for the split‐off of Blockbuster": Loss Aversion.
"On May 4, 2000, CBS Corporation ("CBS") merged with and into the Company": Inappropriate attachments; Viacom states, "The Video segment consists of an approximately 82% equity interest in Blockbuster Inc., which operates and franchises BLOCKBUSTER(R) video stores worldwide":Depersonalizing Debate; "The Publishing segment publishes and distributes consumer books and related multimedia products, under such imprints as SIMON & SCHUSTER(R), POCKET BOOKS(TM), SCRIBNER(R) and THE FREE PRESS(TM)": Recognizing Uncertainty.