Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter12: Capital Budgeting: Decision Criteria
Section: Chapter Questions
Problem 6MC: What is the underlying cause of ranking conflicts between NPV and IRR?
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Question
What is anchoring bias?
Expert Solution
Step 1
Anchoring bias:
Anchoring bias happens if persons depends on moreover on pre-existing data or the primary data they find while creating conclusions.
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