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Oscar wants to buy a new TV, but the price is [tex]$400, well over his budget. He receives an email offering a limited time deal for the TV and six months free of a streaming service for $[/tex]375.
Oscar decides to buy the TV. Which cognitive bias did Oscar demonstrate?
O Anchoring
Herd mentality
O Loss aversion
O Present blas



Answer :

GinnyAnswer

Final answer:

Oscar demonstrated the anchoring bias when he purchased the TV based on the discounted price offer.


Explanation:

Anchoring bias occurs when individuals heavily rely on an initial piece of information (known as the 'anchor') when making decisions. In Oscar's case, he anchored on the original price of [tex]$400 for the TV, making the discounted price of $[/tex]375 seem like a better deal, leading him to make the purchase.


Learn more about Cognitive Bias here:

https://brainly.com/question/37547307


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