Multiple Choice
You estimate the number of soft drinks you'll need for the 4th of July picnic, based on the Christmas party consumption, but taking into account the fact that the weather will be warmer. Which heuristic does this example illustrate?
A) Availability
B) Base rate fallacy
C) Anchoring and adjustment
D) Representativeness
Correct Answer:
Verified
Correct Answer:
Verified
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