Exam (elaborations)
BIT 3434 Midterm 1 with complete solutions 2024/2025
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- Institution
BIT 3434 Midterm 1 What is the anchoring effect? - correct answer - When seemingly trivial factors serves as a starting point for estimations. ex: 1x2x3x4x5x6x7x8 people may think this is less than 8x7x6x5x4x3x2x1 if they were guessing (They the same) What is the framing effect? - correct a...
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