Which of the following best describes an anchoring bias?
A) the tendency to rely on one specific piece of information, irrespective of its irrelevance
B) the tendency to judge an event based on how easily examples come to mind
C) the tendency to underestimate the time it will take to complete a task
D) the tendency to draw different conclusions from a wide range of information

Question

Quizplus · Accepted Answer

An anchoring bias refers to the tendency to rely on one particular piece of information, irrespective of its irrelevance, and allow it to influence decision-making.

Which of the Following Best Describes an Anchoring Bias