A Behavioral Bias in Which an Individual Tends to Allow

question 80

Multiple Choice

A behavioral bias in which an individual tends to allow an initial estimate (of value or price) to dominate the subsequent assessment (of value or price) regardless of new information to the contrary is called:

• A) foreclosing.
• B) anchoring.
• C) depreciating.
• D) leasing.
• E) cooperating.

---

Definitions:

Syntax Error

A mistake in the set of rules that defines the combinations of symbols that are considered to be a correctly structured document or fragment in programming languages.

Math.pow

A method in Java that raises a number to the power of another number.

String Variable

A variable that holds a sequence of characters or a text value in programming languages.

Memory Address

A unique identifier for a memory location where data can be stored or retrieved in a computer system.