When decision makers fail to adjust adequately for information because they fixate on initial information they received, they are influenced by ________.
A)sunk costs error
B)hindsight bias
C)availability bias
D)anchoring bias
E)selective perception bias

Question

Quizplus · Accepted Answer

Anchoring bias is the tendency to rely too heavily, or "anchor," on one trait or piece of information when making decisions. When decision makers fixate on initial information they received, they are influenced by anchoring bias.

When Decision Makers Fail to Adjust Adequately for Information Because