24. The ________ describes how decision makers fixate on initial information as a starting point and then, once set, fail to adequately adjust for subsequent information. (A) selective perception effect (B) anchoring effect (C) confirmation bias (D) framing bias

10. Toby is hunting for a new apartment. He is specifically looking for one that is located in the heart of the city and should be available for $600 per month. However, Toby is also willing to pay up to $850 per month for a place that is situated slighted away from the city center. According to him, the second option "will also do." This is an example of ________. (A) rational decision making (B) bounded rationality (C) non linear thinking (D) intuitive decision making

24. The ________ describes how decision makers fixate on initial information as a starting point and then, once set, fail to adequately adjust for subsequent information.
(A) selective perception effect
(B) anchoring effect
(C) confirmation bias
(D) framing bias

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