In a Decision-Making Problem, Anchoring Effects Occur When

question 16

Multiple Choice

In a decision-making problem, anchoring effects occur when

• A) decision makers are tied too closely to previous decisions.
• B) organizations refuse to consider new alternatives.
• C) a seemingly trivial factor serves as a starting point for estimations.
• D) a person in a position of authority exerts his or her opinion very forcefully.

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Definitions:

Matching Phenomenon

The tendency for individuals to select romantic partners who are similar to them in terms of physical attractiveness and other traits.

Long-Term Partner

A person with whom someone has an ongoing, committed relationship extending over a considerable period.

Internet Addiction

A psychological disorder characterized by excessive or poorly controlled preoccupations, urges, or behaviors regarding internet use that lead to impairment or distress.

Fear Of Rejection

The anxiety and apprehension experienced over being rejected by others, which can affect social interactions and person’s sense of belonging.