According to the text, the procedure of "anchoring and adjustment":
A)Often leads to biased estimates
B)Usually leads to correct estimates
C)Occurs only when the "anchor" is completely related to the value to be estimated
D)Explains why people tend to succeed at new business ventures

Question

Quizplus · Accepted Answer

The text states that the procedure of "anchoring and adjustment" often leads to biased estimates.

According to the Text, the Procedure of "Anchoring and Adjustment