Which statement about heuristics is correct?
A)The availability heuristic occurs when people use information from memory as a basis for assessing a current situation or event.
B)The representativeness heuristic occurs when people assess the likelihood of something occurring based on its similarity to a stereotyped set of occurrences.
C)The anchoring and adjustment heuristic involves making decisions based on alterations to a previously existing value or starting point.
D)All of the above.
E)None of the above.

Question

Quizplus · Accepted Answer

All three statements are correct descriptions of different types of heuristics. The availability heuristic involves using information from memory to assess a situation. The representativeness heuristic involves assessing the likelihood of an event based on how similar it is to stereotyped occurrences. Finally, the anchoring and adjustment heuristic involves making decisions based on starting points or previously existing values.

Which Statement About Heuristics Is Correct