contestada

Luke and Mia are selling their home. They listed their house three months ago at an extremely high selling price, a price they randomly chose. They do not want to reduce the price to reflect what the marketplace shows their home is really worth. Luke and Mia are participants in _____ bias.

Respuesta :

zunesyed

Answer:

anchoring and adjustment

Explanation:

Luke and Mia have determined a selling price based on the overall market review. The price they set was randomly selected by them and they do not want to reduce the price. In that regard, Mia and Luke have participants in Anchoring and adjustment. It is a phenomenon or an initial idea that helps to determine the starting point of a commodity.

Otras preguntas

Q&A Education