Well after you have started trying to make a decision, new information comes to light that implies that the drug may be able to be synthesized much more cheaply than was previously thought.
-What must you try to avoid when integrating this new information?

Question

Quizplus · Accepted Answer

Anchoring bias occurs when individuals rely too heavily on the first piece of information they receive (the "anchor") when making decisions. In this case, the initial cost estimate of synthesizing the drug could act as an anchor, and you must avoid letting it unduly influence your decision-making process in light of the new information.

Well After You Have Started Trying to Make a Decision