Problems are sometimes poorly defined because decision makers are influenced by selective information and persuasion they receive from employees, customers, suppliers, and others. This problem identification bias is known as .

Problems are sometimes poorly defined because decision makers are influenced by selective information and persuasion they receive from employees, customers, suppliers, and others. This problem identification bias is known as Anchoring bias

Explanation:

Anchoring Bias  refers to the tendency to focus on one particular piece of information while taking a decisions or solving a problem

In the process of  decision making, anchoring occurs when the decision makers use an initial piece of information to make subsequent judgments. Once an anchor is set, other judgments are simply  adjusted away from that anchor, and there is a biasness toward interpreting other information around the anchor.

So we can say that Problems are sometimes poorly defined because decision makers are influenced by selective information and persuasion they receive from employees, customers, suppliers, and others. This problem identification bias is known as Anchoring bias

the specific actions take by the fed. what the fed was attempting to do by taking these actions. the result of the actions taken by the fed

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