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Test Distortions of Reality: Anchoring and Availability

QUESTION 1: What bias is illustrated when irrelevant numbers are used as anchors in estimates?

QUESTION 2: In the experiment, what effect did the high-end values of the document have on the estimates?

QUESTION 3: According to the text, how does a high initial price influence the perceived value of a product?

QUESTION 4: What is the name given to the bias that distorts risk perception due to the ease of recalling recent events?

QUESTION 5: According to the text, following a high-profile accident, what behavioral change is common even though the data shows the opposite?

QUESTION 6: What elements dominate our minds, according to the text summary?

QUESTION 7: What usually happens when there is an overload of news about a specific danger?

QUESTION 8: According to the text, what measure helps prevent disproportionate reactions?

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