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Which error occurs when managers allow initial impressions, statistics, or estimates to control or excessively influence subsequent thoughts and decisions

1 Answer

6 votes

Answer: anchoring bias

Step-by-step explanation:

Anchoring bias is simply the error that occurs when managers allow initial impressions, statistics, or estimates to control or excessively influence subsequent thoughts and decisions.

In anchoring, an individual allows an earlier piece of information that he or she has gotten to impact his or her future thoughts as decisions will be made based on the earlier information which can be bias.

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User Erimerturk
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