Based on Tversky and Kahneman's (1974)anchoring findings,if I first asked you whether Boston had a population greater than 100,000 people and then asked you to estimate Boston's population,you would be MOST likely to give which of the following responses?
A)20,000,000
B)5,000,000
C)1,500,000
D)100,000

Question

Quizplus · Accepted Answer

Tversky and Kahneman's research on anchoring suggests that when people are given a starting point (anchor) in a question, their subsequent estimates tend to be biased towards that anchor. Since 100,000 is a relatively low anchor for a city's population, especially a well-known city like Boston, the estimate given (1,500,000) is higher than the anchor but not excessively high, reflecting the influence of the initial anchor. Choices A and B are too high and not typical of the anchoring effect, while D is exactly the anchor, not an estimate influenced by it.

Based on Tversky and Kahneman's (1974)anchoring Findings,if I First Asked