The term ________ refers to the tendency for people to rely too heavily on one piece of information to adjust their estimates, even if it is irrelevant.
A)availability bias
B)confirmation bias
C)anchoring
D)predecessors

Question

Quizplus · Accepted Answer

This phenomenon is known as anchoring. It occurs when individuals base their decisions or judgments on the first piece of information they receive, even if it is not relevant to the task at hand. This can result in biases and inaccuracies in decision making.

The Term ________ Refers to the Tendency for People to Rely