Robert Saxon is one of the most senior leaders in the organizations. A board meeting was arranged where new critical aspects were discussed, and crucial decisions were made from the business perspective.at his level, especially as an agent for shareholders, it is expected that Roberts makes honest disclosure to the board members about the costs, benefits and risks involved in some of the large accounts that come under his purview. The fact is Roberts earns his full compensation when these projects run successfully, whereas he is expected to share responsibility for underperformance if the projects productivity decreases. Taking this into account, Robert decides to understate the risks and costs while overstating benefits, in this case, Roberts acts of providing information was based on his thinking that any judgements expressed may affects him personally. Which source of bias does this situation reveal? Select all that apply
a. This is interpreted as planning fallacy as Robert ignored his previous experience and envisioned success scenarios and overlooked the potential for mistakes and delays
b. This refers to cognitive bias as Robert being an expert seems to have underestimated his own level of knowledge or ability
c. This is a distortion that is motivated, either consciously or unconsciously, by Roberts personal situation
d. This states confirmation bias as Robert is found to have been favouring ideas that confirm his existing beliefs
e. This is an example of motivational bias as Roberts shows a natural tendency to highlight the positives in accordance with his motivations and incentives
