Often individuals base their subjective assessments of outcomes based on an initial "guesstimate." Such a guess may not have any reasonable relationship to the outcomes being studied.Identify this bias.
A)Self-serving bias
B)Attributional bias
C)Availability bias
D)Experience bias
E)Anchoring bias

Question

Quizplus · Accepted Answer

This is known as the anchoring bias, where individuals rely too heavily on an initial piece of information (the "anchor") when making decisions, even if that initial information is unrelated or irrelevant to the decision at hand.

Often Individuals Base Their Subjective Assessments of Outcomes Based on an Initial