Hindsight Bias Escalation of commitment Give an example of each of the above that you experienced in your workplace. If a workplace example if not possible, you can give one from your personal life without revealing any identifying information. Each example must include your clear understanding of the bias and an explanation of how you experienced it.   2. Looking back, how would you avoid this bias?

Understanding Business
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Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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  1. Hindsight Bias Escalation of commitment Give an example of each of the above that you experienced in your workplace. If a workplace example if not possible, you can give one from your personal life without revealing any identifying information. Each example must include your clear understanding of the bias and an explanation of how you experienced it.

 

2. Looking back, how would you avoid this bias?

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