Question
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
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Answer & Explanation
Answer:Adjustment