Question
A bias that describes the common human tendency to rely heavily on the first piece of information offered-
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.
More Finance Questions
- What is FCCB?
- Which of the following is true about the Debit Card of the Banks? I. By Automated Teller Machine customers can deposit or withdraw money from their ...
- If a bond is issued when prevailing interest rates are 8% at Rs.1,000 par value with a 8% annual coupon. Which of the following is NOT correct?
- When the central bank (RBI) sells stocks and bonds in the market, the amount of money in the bank _______.
- What is the turnover limit for a 'Small Enterprise' as per the revised MSME classification?
- Who is the CEO of National Housing Bank?
- Open-market operations of Reserve Bank of India refer to?
- FEMA, 1999 replaced the Foreign Exchange Regulation Act (FERA) of _______________.
- Reserve Bank of India has cancelled the license of Independence Co-operative Bank Ltd. It is based at ________________.
- Which among the following cannot issue Commercial Papers to raise funds from the market?
