Typically, when people use anchoring and adjustment to estimate something, the importance of ________ in influencing their assessment is too large.
A)the anchor
B)the adjustment
C)both the anchor and the adjustment
D)neither the anchor nor the adjustment

Question

Quizplus · Accepted Answer

Anchoring and adjustment is an estimation technique that begins with an initial approximation (the anchor), which is then modified in accordance with additional available information (the adjustment). When people use anchoring and adjustment to estimate something, they typically place too much importance on the anchor, and make subsequent adjustments that are too small.

Typically, When People Use Anchoring and Adjustment to Estimate Something