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      Question

      What type of bias relies too heavily on one piece of

      information in making a final decision?
      A Confirmation Correct Answer Incorrect Answer
      B Validation Correct Answer Incorrect Answer
      C Escalation of Commitment Correct Answer Incorrect Answer
      D Anchoring Correct Answer Incorrect Answer
      E Hindsight Correct Answer Incorrect Answer

      Solution

      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.

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