Answered

Get the answers you need at Westonci.ca, where our expert community is always ready to help with accurate information. Discover precise answers to your questions from a wide range of experts on our user-friendly Q&A platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A 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


Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.