Question: A manager who sets a new salary level for a current employee by simply raising the prior year's salary by a percentage increment, even though
A manager who sets a new salary level for a current employee by simply raising the prior year's salary by a percentage increment, even though the current salary is much lower than the employee's market value, is a victim of which decisionmaking error?
anchoring and adjustment heuristic
escalation of commitment
confirmation error
availability heuristic
representativeness heuristic
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