Question

    A bias that describes the common human tendency to rely

    heavily on the first piece of information offered-
    A Anchoring Correct Answer Incorrect Answer
    B Holding Correct Answer Incorrect Answer
    C First mover advantage Correct Answer Incorrect Answer
    D Inception Correct Answer Incorrect Answer
    E Framing Correct Answer Incorrect Answer

    Solution

    Anchoring or focalism is a term used in psychology to describe the common human tendency to rely too heavily, or "anchor," on one trait or piece of information when making decisions.

    Practice Next
    More Finance Questions
    ask-question