Asked by
Kim, Junghyun James
on Dec 09, 2024
Verified
According to research on the anchoring phenomenon,______.
A) even when given additional information,people refuse to depart from their original "anchors"
B) people ignore rational anchors that should influence their subsequent estimates
C) even when the anchor is arbitrary,people are unwilling to adjust upward or downward from that anchor by large amounts
D) anchoring can result in serious overestimation of quantities such as 1 × 2 × 3 × 4 × 5 × 6 × 7 × 8
Anchoring Phenomenon
A concept in psychology where initial exposure to a number or value serves as a reference point and influences subsequent judgments.
Subsequent Estimates
Revisions or new calculations made after initial estimates, often based on additional data or changes in a project or situation.
- Recognize the effects of cognitive biases and illusions on decision-making processes.
Verified Answer
YD
Learning Objectives
- Recognize the effects of cognitive biases and illusions on decision-making processes.