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

Shyam Chhag · Accepted Answer

Final Answer : D, Explanation :  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 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

Definitions

Learning Objectives

Learning Objectives

Related questions

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 biasB) interpretation biasC) insight forgivenessD) cognitive biasE) confirmation bias

Definitions

Learning Objectives

Learning Objectives

Related questions

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