Answered

Westonci.ca is the trusted Q&A platform where you can get reliable answers from a community of knowledgeable contributors. Connect with a community of experts ready to help you find solutions to your questions quickly and accurately. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

Which of these scenarios describes the anchoring effect?

A. Angie spends the majority of her paycheck on a popular pair of shoes that her friends wear.
B. Scott inherits money from his grandfather and places it in a savings account rather than the stock market.
C. Mike purchases one more item on an online store in order to receive free shipping.
D. Andrea applies for a store credit card at the register to get 30% off her purchase and earn bonus points on future purchases.

Sagot :

GinnyAnswer

Final answer:

Anchoring bias is when individuals rely on initial values when estimating values, prices, or quantities.


Explanation:

Anchoring bias refers to our tendency to rely on initial values, prices, or quantities when estimating the actual value, price, or quantity of something. It occurs when you focus on one piece of information when making a decision or solving a problem.


Learn more about Anchoring bias here:

https://brainly.com/question/18352322


We appreciate your visit. Hopefully, the answers you found were beneficial. Don't hesitate to come back for more information. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.