Asked by Skyler Valantine on Jun 15, 2024

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The ___ occurs when decisions are influenced by inappropriate allegiance to a previously existing value or starting point.

A) confirmation error
B) lack-of-participation error
C) representativeness bias
D) anchoring and adjustment bias
E) availability bias

Anchoring and Adjustment Bias

A cognitive bias where an initial piece of information (anchor) significantly influences subsequent judgments or decisions.

Confirmation Error

A cognitive bias involving the tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.

Representativeness Bias

A cognitive bias where individuals make judgments about the probability of an event based on how much it resembles their existing stereotypes.

  • Pinpoint diverse biases that have an effect on making decisions.
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Nissa DegregoryJun 18, 2024
Final Answer :
D
Explanation :
Anchoring and adjustment bias occurs when decisions are influenced by an initial value or starting point, which may be inappropriate or irrelevant, and then subsequently adjusted to reach a final decision. This bias can lead to incorrect decisions because the initial value or starting point may have no bearing on the actual situation or decision at hand.