Questions 1

Nancy went shopping. The dress on the foremost display is priced at $2,000. She walks further in and finds a dress marked as $1,000. She finds the price of $1,000 acceptable because it is less expensive than $2,000. This is an example of ________.

Option

Representative bias Loss aversion Anchoring bias Framing bias..

Questions 2

Amy, who is the HR recruiting manager, interviews 2 candidates. One talks about being a capable, responsible banker with prior work experience; the other talks about interesting childhood stories. Amy develops a liking for the second candidate. This is an example of ________.

Option

Narrative fallacy Hindsight bias Self-attribution bias Confirmation bias