Asked by ashleigh cordell on Jun 04, 2024
Verified
What possible error in judgment can come about by the misapplication of the Anchoring with Adjustment Heuristic?
Anchoring with Adjustment Heuristic
A cognitive bias in decision-making where an initial value (the "anchor") heavily influences subsequent judgments and adjustments.
- Recognize the influence of cognitive biases on judgment and decision-making, including hindsight bias and the misapplication of heuristics.
- Consider the faults in reasoning that may occur due to the misemployment of specific heuristics.
Verified Answer
BF
Bella FigueroaJun 08, 2024
Final Answer :
Failure to reconsider thoroughly, failure to evaluate fair-mindedly.
Learning Objectives
- Recognize the influence of cognitive biases on judgment and decision-making, including hindsight bias and the misapplication of heuristics.
- Consider the faults in reasoning that may occur due to the misemployment of specific heuristics.