The __________ heuristic occurs when people adjust a previously existing value to make a decision.*
A) escalating commitment
B) representativeness
C) anchoring and adjustment
D) availability

Question

Quizplus · Accepted Answer

The anchoring and adjustment heuristic involves adjusting a previously existing value to make a decision. This is often seen when people rely too heavily on the first piece of information they receive (the anchor) and then make incremental adjustments from there.

The __________ Heuristic Occurs When People Adjust a Previously Existing