Which of the following best describes the heuristic of anchoring?
A)Judgments made on the basis of only one or two characteristics instead of embarking on a detailed analysis
B)How you communicate a thought can affect the response
C)Using an outmoded or inappropriate standard can result in making incorrect decisions when the standard is no longer appropriate
D)Placing too much weight on recent vivid experiences
E)None of the above

Question

Quizplus · Accepted Answer

Anchoring refers to the cognitive bias where an individual relies too heavily on an initial piece of information (the "anchor") when making decisions, even if it is outdated or inappropriate.

Which of the Following Best Describes the Heuristic of Anchoring