To demonstrate the anchoring phenomenon, Kahneman and Tversky would ask research subjects very difficult questions that should be answered with a number between zero and 100
Before asking for the respondent's answer, they would also spin a large wheel that generated random number outcomes from zero to 100. If the respondents were subject to the anchoring effect, then we should expect that: A) their responses are uncorrelated with the numbers generated by the wheel.
B) their responses are correlated with the numbers generated by the wheel.
C) their responses are wrong most of the time.
D) none of the above
B
You might also like to view...
You are considering buying a store. The store owner shows you sales figures of the store on a "typical" day. The owner has most likely shown you figures for
a. The less productive day b. The more productive day c. Any typical day d. All the days that the store was owned by him
Prior to 1980, thrift institutions in the United States were allowed to offer checking accounts
a. True b. False Indicate whether the statement is true or false