Examlex
Why is it easier to find an iron meteorite on the ground that it is to witness one fall?
Anchoring Heuristic
A cognitive bias that describes the common human tendency to rely too heavily on the first piece of information offered (the "anchor") when making decisions.
Adjustment Heuristic
A mental shortcut that involves basing decisions on an initial estimate and making adjustments to that figure to reach a final decision or judgment.
Judgment
involves making considered decisions or forming opinions based on the evaluation of available information and reasoning.
Decision Making
The cognitive process of making choices or selecting options among various alternatives.
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