What is anchoring bias?

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BlackTom AI · Accepted Answer

Question restatement: The prompt asks, 'What is anchoring bias?' and provides four answer choices to evaluate.
Option 1: 'when your decisions are affected by the ideas of other people' This describes social influence or conformity, not anchoring bias. It’s about external opinions shaping your view rather than an initial anchor affecting judgment.
Option 2: 'when your decisions are affected by the presence of a salient number' This matches the definition of anchoring bias, which occurs when an initial number or value serves as a reference point that unduly influences subsequent judgments or estimates.
Option 3: 'when you are unwilling to change your beliefs about a topic or issue' That describes closed-mindedness or belief perseverance, not anchoring bias. Anchoring involves influence from an initial anchor, not stubborn persistence.
Option 4: 'when you pay more attention to first thing you learn' This touches on primacy effects or the general impact of initial information, but anchoring specifically centers on how that initial anchor (often a number) biases later estimates, rather than simply the first piece of information per se.
Putting it together, option 2 correctly identifies anchoring bias as the effect of a salient number on decision making, while the other options describe other cognitive phenomena or biases that are not anchoring.

psyc_468_120251_243897 Week 11 Quiz

What is anchoring bias?

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