regulatoryBody NABARD Grade A Prelims Mock Test 2024 Management Concepts of Management Decision Making
"Anchoring Bias" is a cognitive bias that affects decision-making by doing what?
1
Causing an overestimation of one’s ability to predict outcomes
2
Making individuals focus only on the most recent data
3
Leading people to ignore relevant information
4
Encouraging decisions based on social norms rather than logic
5
Causing over-reliance on the first piece of information encountered