This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The anchoring effect describes when decision makers fixate on initial information as a starting ... (Read 156 times)

awywial

  • Hero Member
  • *****
  • Posts: 577
on: Jul 7, 2018
The anchoring effect describes when decision makers fixate on initial information as a starting point and then, once set, fail to adequately adjust for subsequent information.
 
  Indicate whether the statement is true or false.

Question 2

We can't stop now. We've already invested 100,000 in the project. This speaker is acting on the ________.
 
  A) anchoring effect
  B) availability bias
  C) representation bias
  D) sunk costs error


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Joc

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jul 7, 2018
Answer to Question 1

Answer: TRUE

Answer to Question 2

Answer: D


awywial

  • Hero Member
  • *****
  • Posts: 577
Reply #2 on: Jul 7, 2018
TY


Joc

  • Sr. Member
  • ****
  • Posts: 317
Reply #3 on: Jul 7, 2018
Happy to Help


« previous next »
 

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

The greenhouse effect: heat trapping by earth's atmosphere. The greenhouse effect: heat trapping by earth's atmosphere.
Effect of pH on oxygen binding to hemoglobin Effect of pH on oxygen binding to hemoglobin
Find the speed after 40.0 min if the initial speed is 3250 rev/min Find the speed after 40.0 min if the initial speed is 3250 rev/min
Ethical Decision-Making Model Ethical Decision-Making Model
10 side effect of birth control pills 10 side effect of birth control pills
Cocaine’s Effect on the Brain Cocaine’s Effect on the Brain
Video: Non-polar compounds - insolubility

For a complete list of videos, visit our video library