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:

Interneuron

A type of neuron that serves as a connection between sensory neurons and motor neurons, facilitating communication within the central nervous system.

Standard Deviation

A statistical measure that quantifies the variation or dispersion of a set of data points around their mean average.

Fixed-Interval

In the context of psychological reinforcement, it refers to a schedule where rewards are given after a fixed time period has elapsed, assuming a correct response is made.

Random-Interval

A timing schedule in operant conditioning where reinforcements are given at unpredictable intervals.