Anchoring bias leads to _____ of success and _____ of failure.

Question

Quizplus · Accepted Answer

Anchoring bias occurs when an individual relies too heavily on the first piece of information encountered when making decisions. In the case of success and failure, this bias can lead to overestimation of success if the initial information is positive and underestimation of failure if the initial information is negative. Therefore, the best answer is B, which reflects overestimation of success and underestimation of failure.

Anchoring Bias Leads to _____ of Success and _____ of Failure

Anchoring Bias Leads to _ of Success and _ of Failure