What type of bias relies too heavily on one piece of information in making a final decision?
Anchoring is a cognitive bias that describes the common human tendency to rely too heavily on the first piece of information offered (the "anchor'') when making decisions. During decision making, anchoring occurs when individuals use an initial piece of information to make subsequent judgments. This bias is the tendency to jump to conclusions.
Farhan invested a certain amount of money 8 years ago. He put his money at the rate of 5% for the first 2 years, 7% per annum for the next 4 years and ...
Suppose a man invested an amount in the ratio of 3 : 2 at the rate of (r – 1)% & (2r – 16)% respectively at simple interest. If bigger amount invest...
Praveen earned an interest of Rs. 10,400 by investing a certain sum with bank C under scheme III for two years. How much interest he would have earned h...
The SI unit of acceleration is_________.
Mr. Raman invested Rs. 45,000 with Bank A under the scheme II for 3 years. How much amount he will get on maturity?
Priyanka wants to invest Rs. 30,000 for 3 years, which of the following options would fetch her the highest amount as interest?
I) Company A unde...
Suppose a man invested Rs.(4000 + 2a) in Mutual Fund 'X' for 2 years and Rs. (3200 + 6a) in scheme 'Y' for 2 years and interest gets from Mutual Fund 'X...
Mr. Manohar invested Rs.5,000 partly with Bank A under scheme III and remaining with Bank C under scheme IV for 2 years. The total interest after 2 year...
A person sells an article at 10% below its cost price. Had he sold it for ₹332 more, he would have made a profit of 20%. What is the original selling ...
₹4,300 becomes ₹4,644 in 2 years at simple interest. Find the principle amount that will become ₹10,104 in 5 years at the same rate of interest.
