When Are People Less Likely to Rely on the Anchoring

question 6

Multiple Choice

When are people less likely to rely on the anchoring and adjustment heuristic

• A) when they are relying on the availability heuristic
• B) when they are distracted
• C) when the topic contains emotional content
• D) when they have expertise in the topic discussed

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Definitions:

Payment

The transfer of money, goods, or services as compensation or fulfillment of an obligation.

Demand Instrument

A type of draft that allows the payee to demand payment at any time from a holder.

Payee

The individual or entity to whom a payment is to be made or who will receive the payment.

Subsequent Holder

An individual or entity that acquires a negotiable instrument after it has been initially issued.