Why Might the Anchoring and Adjustment Heuristic Lead Us to Make

question 10

Multiple Choice

Why might the anchoring and adjustment heuristic lead us to make errors in estimation?

• A) We have difficulty finding an anchor.
• B) We tend to use an incorrect anchor, even though our adjustment is typically accurate.
• C) We fail to adjust our initial anchor properly.
• D) After focusing on an anchor, we completely forget to adjust it.

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Definitions:

Male Chauvinists

Individuals, usually men, who believe in the superiority of men over women in various aspects of life.

Equal Status

The condition that occurs when companies hire employees who are frequent targets of discrimination into all levels within the company.

Ingredients

are the components or materials used in the preparation of foods, medicines, or any product requiring a mixture.

Discrimination

The unjust or prejudicial treatment of different categories of people, often based on race, age, sex, or disability.