Selecting a new computer based on a low price without analyzing what software,warranties,and peripherals come with it is an example of
A)availability bias.
B)framing bias.
C)escalation of commitment bias.
D)anchoring and adjustment bias.

Question

Quizplus · Accepted Answer

This is an example of anchoring and adjustment bias, where the decision is primarily influenced by an initial piece of information (in this case, the low price) without considering other important factors.

Selecting a New Computer Based on a Low Price Without