The __________ involves making decisions based on alterations to a previously existing value or starting point.
A)Representativeness heuristic.
B)Availability heuristic.
C)Escalation heuristic.
D)Satisficing heuristic.
E)Anchoring and adjustment heuristic.

Question

Quizplus · Accepted Answer

Anchoring and adjustment heuristic involves making decisions based on alterations to a previously existing value or starting point. This happens when people rely on the first piece of information they receive (the "anchor") and then make adjustments based on that anchor to reach their final decision.

The __________ Involves Making Decisions Based on Alterations to a Previously