GROWTH DEVELOPMENT CHILD
COGNITION AND EMOTIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Belief Perseverance
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Confirmation Bias
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Anchoring Effect
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Mental Set
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Detailed explanation-1: -The anchoring and adjustment heuristic is based on the assumption that people often start their judgmental process by focusing on some initial value that serves as an anchor.
Detailed explanation-2: -The anchoring effect is a cognitive bias that describes the common human tendency to rely too heavily on the first piece of information offered (the “anchor”) when making decisions. During decision making, anchoring occurs when individuals use an initial piece of information to make subsequent judgments.
Detailed explanation-3: -The psychological process that was suggested by Tversky and Kahneman (1974) for this phenomenon is an insufficient adjustment of the final judgment. Alternatively, Strack and Mussweiler (1997) have proposed a mechanism that is related to the availability heuristic, the so-called selective accessibility model.
Detailed explanation-4: -Abstract: The scale distortion theory of anchoring argues that people are influenced by a previously considered numeric value, an anchor, because the anchor distorts the scale on which a subsequent judgment is made.