Research has shown that people tend to have a(n)________ to value information advice for which they have paid over free advice of equal quality.
A)insight bias
B)interpretation bias
C)insight forgiveness
D)cognitive bias
E)confirmation bias

Question

Quizplus · Accepted Answer

This phenomenon is known as a cognitive bias, specifically the bias where individuals value paid information more highly than free information, even if the quality is the same. This can be attributed to the psychological effect where financial investment increases perceived value.

Research Has Shown That People Tend to Have A(n)________ to Value