The anchoring and adjustment heuristic is a decision-making heuristic in which:
A)a presumption or first estimate serves as a cognitive bias.
B)our estimates of frequency or probability are based on how easy it is to find examples of relevant events.
C)our estimates about events are based on the populations of events that they appear to represent.
D)a decision is based solely on the most recently available evidence.

Question

Quizplus · Accepted Answer

The anchoring and adjustment heuristic involves starting with an initial estimate (the anchor) and then making adjustments based on additional information. This initial estimate can bias our final decision, leading to the anchoring effect.

The Anchoring and Adjustment Heuristic Is a Decision-Making Heuristic in Which