Question: What cognitive bias does this reasoning exhibit? I was watching The Price is Right on TV , and the contestants were bidding on a dining
What cognitive bias does this reasoning exhibit?
I was watching The Price is Right on TV and the contestants were bidding on a dining room set. The first person bid $ and then the next three bids were $ $ and $ Turns out the dining room set costs $ Whoa.
Confirmation bias
Framing effects
Availability biasheuristic
Ingroup bias
Fundamental attribution error
Anchoring bias
Sunk cost bias
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