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 168 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 lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Thorndike’s Puzzle Box and the Law of Effect (2 of 2) Thorndike’s Puzzle Box and the Law of Effect (2 of 2)
The Effect of Group Size on Relationships The Effect of Group Size on Relationships
Doppler Effect, Observer Moving Doppler Effect, Observer Moving
Effect of Landfall Effect of Landfall
Effect of pH on drug absorption. (a) A weak acid such as aspirin (ASA) is in a nonionized form in an ... Effect of pH on drug absorption. (a) A weak acid such as aspirin (ASA) is in a nonionized form in an ...
Effect of a Tax Effect of a Tax
Video: Interspecific Competition Relationship - Competitive & Niche Differentiation

For a complete list of videos, visit our video library