In the _________ bias, a decision maker is influenced by the first information received about a decision, even if it is irrelevant.
A) Confirmation
B) Availability
C) Representativeness
D) Anchoring
E) Framing

Question

Quizplus · Accepted Answer

The anchoring bias refers to the tendency of decision makers to rely heavily on the first piece of information they receive when making decisions, even if that information is irrelevant or unimportant to the decision. This bias occurs because people often use the first piece of information as a reference point, or anchor, for subsequent information and decision-making.

In the _________ Bias, a Decision Maker Is Influenced by the First