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Anne and Jim Participated in an Experiment About the Willingness $13\$ 13

Question 29

Multiple Choice

Anne and Jim participated in an experiment about the willingness to pay for a set of head phones. Jim is suggested a price of $13\$ 13 and Anne is suggested a price of $22\$ 22 . The experimenters conclude that both Anne and Jim use the anchoring and adjustment heuristic to arrive at a final willingness to pay. What are possible values of their willingness to pay:


A) Anne: $15\$ 15 . Jim: $30\$ 30 .
B) Anne: $30\$ 30 . Jim: $30\$ 30 .
C) Anne: $13\$ 13 . Jim: $13\$ 13 .
D) Anne: \$25. Jim: \$15.

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