Question

you want to earn a decent salary at a potential job. you know that there is room for negotiation, so you ask for a slightly higher hourly rate than you think the employer will accept. if the employer ends up giving you an hourly rate close to your initial asking rate, he or she has likely been influenced by the a) monty hall problem. b) anchoring effect. c) framing effect. d) availability heuristic

Answer 1

If the employer ends up paying you an hourly rate that is near to your initial asking rate, he or she has most likely been swayed by the anchoring effect. Thus, option (B) is correct.

What is employer?

Employer refers to the person who is the head of his subordinates. He is the team leader who directs his employees towards the achievement of the goals. In simple words, he is the boss of the employees.

Anchoring bias or anchoring effects occurs when people make decisions based on prior information or the first knowledge they discover.

Therefore, it can be concluded that If the employer pays you an hourly rate that is close to your initial asking rate, he or she has most certainly been convinced by the anchoring effect. Hence, option (B) is correct.

Learn more about Employer here:

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