Problem Solving, Decision-Making, and Biases (6B)
MCAT · Flashcards · Application
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QUESTION
Identify the bias: refusing to change a view after the supporting evidence is retracted.
QUESTION
Which bias best fits: continuing a failing project because you already spent money on it?
QUESTION
Identify the bias: a person revises an estimate toward an initial number they first saw.
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ANSWER
Anchoring bias. Initial values bias subsequent adjustments.
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