Which of the Following Is NOT an Example of the Anchoring

Which of the following is NOT an example of the anchoring effect (i.e., choices are affected by spurious information) ?

A) The French and British governments completed construction of the Concorde because they had so much money tied up in research and development that would have been wasted if the project were cancelled.
B) People are reluctant to sell stock they have received as a gift even if they would not have chosen to purchase the stock.
C) Investors purchase shares of a stock on plausible rumors of increased future earnings.
D) Investors liquidate common stock and hold cash because they fear that the stock market will fall because the American League won the World Series.
E) a. and c. are correct.