Which of the Following Is NOT an Example of the Anchoring

question 30

Multiple Choice

Which of the following is NOT an example of the anchoring effect (i.e., choices are affected by spurious information) ?

• A)The French and British governments completed construction of the Concorde because they had so much money tied up in research and development that would have been wasted if the project were cancelled.
• B) People are reluctant to sell stock they have received as a gift even if they would not have chosen to purchase the stock.
• C) Investors purchase shares of a stock on plausible rumors of increased future earnings.
• D) Investors liquidate common stock and hold cash because they fear that the stock market will fall because the American League won the World Series.
• E) a.and c.are correct.

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Definitions:

Active Listening

The practice of fully concentrating, understanding, responding, and remembering what is being said in a conversation.

Behavioral Therapist

A specialist who uses principles of behavior change, including positive and negative reinforcement, to modify maladaptive behaviors in clients.

Token Economy

A form of behavior modification program where individuals earn tokens for exhibiting desired behaviors and can exchange them for various rewards.

Public Dining

The act of eating meals in communal areas accessible to the general public, such as restaurants or cafes.