What type of bias relies too heavily on one piece of information in making a final decision?
Anchoring is a cognitive bias that describes the common human tendency to rely too heavily on the first piece of information offered (the "anchor'') when making decisions. During decision making, anchoring occurs when individuals use an initial piece of information to make subsequent judgments. This bias is the tendency to jump to conclusions.
Which of the following statements is/are correct?
1.An increase in GDP can be a result of an increase in demand for goods and services, which can...
Addis Ababa Declaration deals with the:
Who served as the chairperson of the Experts Committee responsible for preparing material for the Constituent Assembly?
Consider the following statements regarding the Mahila Samman Savings Certificate Scheme (MSSC):
1.Under the scheme, women of any age group, incl...
Consider the following statements regarding the Republic of Dagestan:
1. It is located within the China
2. It shares boundary with the...
Which of the following substances does not contribute to global warming?
Which bank has recently launched eco-friendly debit card?
Where is the capital of Switzerland?
Consider the following statements in regards to Central Bank Digital Currency (CBDC):
I) FDI into India declined sharply to $13.9 billion in Apri...
Consider the following statements about Gajraj Suraksha System:
1. Indian Railways has introduced this technology to prevent elephant accidents o...