Multiple Choice
Camille and Priya are talking over coffee. Camille mentions that she is considering spending a semester studying abroad in France. Priya studied abroad for a semester in Germany two years ago, and during that time her cost of living (not counting tuition) was about $5,000. Priya tells Camille that a semester abroad in France will probably cost her around $5,000, not counting tuition. Priya's comment demonstrates:
A) biased expectations.
B) anchoring.
C) a guess with loose information.
D) All of these are true.
Correct Answer:
Verified
Correct Answer:
Verified
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