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 76 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?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

The greenhouse effect. The greenhouse effect.
The functional structure of the peripheral nervous system. (A) Afferent or sensory neurons carry sen The functional structure of the peripheral nervous system. (A) Afferent or sensory neurons carry sen
Effect of the chemical environment on pKa Effect of the chemical environment on pKa
The effect of a double bond on the shape of fatty acids The effect of a double bond on the shape of fatty acids
Patient Information Supplied When Scheduling Hospital Admissions Patient Information Supplied When Scheduling Hospital Admissions
The Emergency Action Guide entry for styrene. Useful information includes emergency response ... The Emergency Action Guide entry for styrene. Useful information includes emergency response ...
Video: Humerus Adduction Animation

For a complete list of videos, visit our video library