IS O’REILLY’S EXPLANATION OF THE ANCHORING TRAP MOST LIKELY CORREC...

28. - 2011 CFA LEVEL III MOCK EXAM QUESTIONS
2011 CFA LEVEL III MOCK EXAM QUESTIONS
28. Is O’Reilly’s explanation of the anchoring trap most likely correct? A. Yes. B. No, because the anchoring trap is the tendency to temper forecasts so that they do not appear extreme. C. No, because the anchoring trap is the tendency for the mind to give a disproportionate weight to the first information it receives on a topic.