Your director stresses the value of making a decision on initial information.She insists that what is initially considered in the decision-making process should be weighed as most important throughout the implementation of the decision.She has instructed you to ignore any subsequent information that you find since the decision was made.This is an example of
A)risk aversion.
B)an overconfidence bias.
C)escalation of commitment.
D)the anchoring bias.
E)making an optimal decision.

Question

Quizplus · Accepted Answer

The anchoring bias occurs when an individual relies too heavily on an initial piece of information (the "anchor") when making decisions. In this scenario, the director's insistence on prioritizing initial information over any subsequent information aligns with the definition of the anchoring bias.

Your Director Stresses the Value of Making a Decision on Initial