Prior to the beginning of this semester, Bob estimated that he had a 90 percent chance of earning a 3.5 grade-point average (GPA)for the semester. After receiving his midterm grades (3 Cs and 2 Ds), Bob estimated that he had roughly an 85 percent chance of earning a 3.5 GPA. In this example, the ________ heuristic is causing Bob to make an unrealistic assessment of his academic standing.

Question

Quizplus · Accepted Answer

Bob's initial estimate of a 90 percent chance of earning a 3.5 GPA likely served as an anchor, and despite receiving poor midterm grades, he only slightly adjusted his estimate to 85 percent, demonstrating the anchoring heuristic.

Prior to the Beginning of This Semester, Bob Estimated That