Asked by Skyler Valantine on Jun 15, 2024
Verified
The ___ occurs when decisions are influenced by inappropriate allegiance to a previously existing value or starting point.
A) confirmation error
B) lack-of-participation error
C) representativeness bias
D) anchoring and adjustment bias
E) availability bias
Anchoring and Adjustment Bias
A cognitive bias where an initial piece of information (anchor) significantly influences subsequent judgments or decisions.
Confirmation Error
A cognitive bias involving the tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.
Representativeness Bias
A cognitive bias where individuals make judgments about the probability of an event based on how much it resembles their existing stereotypes.
- Pinpoint diverse biases that have an effect on making decisions.
Verified Answer
Learning Objectives
- Pinpoint diverse biases that have an effect on making decisions.
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