Todd Has a Tendency to Rely Too Much on the Initial

question 33

Multiple Choice

Todd has a tendency to rely too much on the initial information at his disposal about any given issue; he fails to integrate and give weight to new information being given to him.This is known as

• A)anchoring bias.
• B)confirmation bias.
• C)performance bias.
• D)overconfidence bias.
• E)availability bias.

---

Definitions:

Offeree

The person or entity to whom an offer is made in contract law.

Effective

Producing a decided, decisive, or desired effect, often used to describe rules, policies, or products that achieve their goals.

Lefkowitz V. Great Minneapolis

A landmark case in contract law where it was ruled that an advertisement giving specific details to the public constitutes a binding offer which when accepted completes a contract.

Advertisement

Public communication that promotes the features, advantages, and qualities of a product, service, or brand.