Which bias involves focusing on initial information?

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BlackTom AI · Accepted Answer

The question asks which bias involves focusing on initial information. 
Option a: Availability Bias. This bias is about judging likelihood or frequency based on how easily examples come to mind, not specifically about anchoring on initial information. It’s more about recall ease than fixation on starting points.
Option b: Hindsight Bias. This is the tendency to see events as having been predictable after they occur, often summarized as the “knew-it-all-along” effect, which relates to post-event judgment rather than anchoring on initial information.
Option c: Overconfidence Bias. This occurs when someone overestimates the accuracy of their knowledge or judgments. While it can interact with initial information, it’s not defined by fixation on the first information presented.
Option d: Anchoring Bias. This is the correct choice, as anchoring bias describes the tendency to rely too heavily on the first piece of information encountered (the anchor) when making decisions or estimates, and then insufficiently adjusting from that anchor.
In summary, only anchoring bias directly corresponds to the concept of focusing on initial information, while the other biases describe different cognitive distortions that do not center on the initial anchor.

252_MGT 4250_Organizational Behavior & Leadership

Which bias involves focusing on initial information?

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