Anchoring is more closely associated with which of the following factors?

Question

Quizplus · Accepted Answer

Anchoring refers to the phenomenon where initial suggestions or information influence later decisions. This means that suggestions can affect your final decision. Stereotypes may play a role in anchoring, but they are not the defining factor. Bias against higher prices may influence decision-making, but it is not specifically related to anchoring. Manipulation of consumer prices could potentially be a factor in anchoring, but it is not the most closely associated factor.

Anchoring Is More Closely Associated with Which of the Following