Set 5: Command of Evidence (Intermediate)

Explanation

Answer: C

PASSAGE

Anchoring bias: initial information disproportionately affects judgments. When shown a high price first, people estimate higher values for unrelated items.

What does anchoring bias suggest?

A. First impressions don't matter.

B. Initial information skews later judgments.

C. People are perfectly rational.✓ Correct

D. Prices are always fair.

Detailed Explanation

'Initial information disproportionately affects judgments. '

Why others are wrong:

← Previous Next →

Start Practicing

Set 5: Command of Evidence (Intermediate)

Detailed Explanation