Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Consider this experiment: people were asked to write down a random two-digit number on a blank sheet of paper. Then, they were asked to estimate
Consider this experiment: people were asked to write down a random two-digit number on a blank sheet of paper. Then, they were asked to estimate the price of an object (such as a cordless keyboard). The experimenter found a positive correlation between the two numbers - the larger the random 2-digit number, the larger the estimated price of the keyboard. What cognitive bias best explains this result? a) Availability bias b) Anchoring bias c) Confirmation bias d) Halo bias
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started