In the context of making judgments about likelihood and goodness and badness, starting with an initial evaluation and adjusting it with additional information is referred to as _____.
A) an accounting of mental judgment
B) an anchoring and adjustment process
C) an adjustable and precise cycle
D) an evaluation of emotional accounts
E) an estimation of likelihood

Question

Quizplus · Accepted Answer

The process described is commonly referred to as anchoring and adjustment, where an initial evaluation (the anchor) is adjusted with additional information. This is a common cognitive bias in decision-making, where the initial evaluation can have a strong influence on the final judgment.

In the Context of Making Judgments About Likelihood and Goodness