The Anchoring and Adjustment Heuristic Copy the two multiplication problems listed below on separate pieces of paper. Show Problem A to at least five friends, and show Problem B to….
After analyzing this scenario what will your next step be?
You are going to apply for registration of your company in a new country. There are two routes to apply within the registration process: the first route is the normal process where you have to pay a fee and become registered. The other is an express process where you have to pay more to get registered faster. You need to register your company quickly, otherwise, you will not be able to apply for a project. Your organization has given you free hand to get registered. What will your next step be?
(a) You will never pay more, and you will go for the normal route
(b) You will report to the authorities
(c) You will discuss this with your team members
(d) You will go for the express route