Multiple Choice
Home appraisals offered by real estate agents are heavily influenced by listing prices, even when more objective and more useful information is available. Which cognitive heuristic is responsible for this bias?
A) Correspondence bias
B) Availability heuristic
C) Simulation heuristic
D) Anchoring-and-adjustment heuristic
E) Premature cognitive commitment effect
Correct Answer:
Verified
Correct Answer:
Verified
Q4: Managers experience the pseudodiagnosticity effect any time
Q18: What effect could bright color potentially have
Q30: Job interviews are often influenced by the
Q35: Decision makers rarely continue to perceive a
Q42: According to your readings, unbiased decision making
Q45: What are the most common types of
Q49: After approving a $100,000 expenditure for a
Q52: Which of the following is not a
Q66: Judgmental accuracy is influenced by the amount
Q71: What does Diagnosticity depend upon?