Suggested donations on fundraising items sent to you in the mail is an example of:
A)loss aversion.
B)positive framing.
C)rule of thumb.
D)anchoring.

Question

Quizplus · Accepted Answer

Anchoring refers to the cognitive bias where individuals rely heavily on an initial piece of information (the "anchor") when making decisions. Suggested donations serve as an anchor, influencing the amount people consider donating.

Suggested Donations on Fundraising Items Sent to You in the Mail