select the correct answer.\nmyron wants to buy a new car and begins a car search. the first car that he…

select the correct answer.\nmyron wants to buy a new car and begins a car search. the first car that he likes is $30,000. the next car is $20,000. myron starts thinking that the second car is very cheap and considers ending his search. what type of bias is myron demonstrating?\na. confirmation bias\nb. negativity bias\nc. anchoring bias\nd. blind - spot bias

select the correct answer.\nmyron wants to buy a new car and begins a car search. the first car that he likes is $30,000. the next car is $20,000. myron starts thinking that the second car is very cheap and considers ending his search. what type of bias is myron demonstrating?\na. confirmation bias\nb. negativity bias\nc. anchoring bias\nd. blind - spot bias

Answer

Brief Explanations:

Anchoring bias occurs when people rely too heavily on the first piece of information (the "anchor") they receive when making decisions. Here, Myron's first car price ($30,000) anchors his perception, making the second car seem cheap. Confirmation bias is seeking info to confirm beliefs, negativity bias focuses on negative info, and blind - spot bias is not recognizing one's own biases. So Myron shows anchoring bias.

Answer:

C. anchoring bias