Q.
In an experiment one group of subjects was asked to estimate the product of 8 × 7 × 6 × 5 × 4 × 3 × 2 × 1 in 5 seconds. The other group was asked to estimate the product of 1 × 2 × 3 × 4 × 5 × 6 × 7 × 8 in the same time. The former group attained a larger estimate than the later group. The biasing effect involved in this case is because of
[A] Availability of information
[B] Adjustment
[C] Representativeness
[D] Gambler’s fallacy
Answer & Explanation
Answer: Adjustment