The tendency to fixate on initial information and fail to adequately adjust for subsequent information that biases the decision-making is known as:
A. Overconfidence bias.
B. Anchoring bias.
C. Confirmation bias.
D. Availability bias.
Answer:B
The tendency to fixate on initial information and fail to adequately adjust for subsequent information that biases the decision-making is known as:
A. Overconfidence bias. B. Anchoring bias. C. Confirmation bias. D. Availability bias.