According to Tversky and Kahneman (1974),when an initial intuitive assessment of a situation is not modified or overridden by a more deliberative analysis,
A) the intuitive system always produces inaccurate judgments.
B) important factors may be ignored and our judgments may be systematically biased.
C) more efficient and accurate information processing occurs.
D) the rational system takes over to produce accurate judgments.

Question

Quizplus · Accepted Answer

When an initial intuitive assessment is not modified, important factors may be ignored, leading to systematic biases. This is known as the anchoring effect, where individuals rely too heavily on the initial information they are presented with and do not adjust enough for additional information. Therefore, the initial intuition may not be accurate, and a more deliberate analysis may be necessary to overcome biases and arrive at more accurate judgments.

According to Tversky and Kahneman (1974),when an Initial Intuitive Assessment