A heuristic decision makers use to get a starting point for a decision and adjust beyond that point is
A) The representativeness heuristic.
B) The anchoring and adjustment heuristic.
C) The availability heuristic.
D) Decision makers use none of the heuristics listed in the answers.

Question

Quizplus · Accepted Answer

The anchoring and adjustment heuristic is used by decision makers to get a starting point for a decision and then adjust from that point based on additional information. This heuristic involves starting with an initial estimate (the anchor) and making adjustments to that number to reach a final decision or estimate.

A Heuristic Decision Makers Use to Get a Starting Point