anchoring-and-adjustment heuristic
The anchoring-and-adjustment heuristic is a mental shortcut where individuals rely heavily on an initial reference point (anchor) when making judgments or estimates and then adjust their answer based on that anchor, often resulting in biased reasoning.
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Related Concepts (1)
Similar Concepts
- anchoring bias
- attribution bias
- availability heuristic
- bootstrapping
- cognitive biases and heuristics
- cultural adaptation and adjustment
- decision-making heuristics
- goal alignment
- goal setting and alignment
- goal-setting
- heuristics
- heuristics in decision-making
- making adjustments
- nominal anchor
- representative heuristic