The Last House That Ezra and Shelley Saw in the Neighborhood

Multiple Choice

The last house that Ezra and Shelley saw in the neighborhood where they want to live was listed at $650,000. They now see a house that is similar, and they are surprised that it is on sale for $400,000. Their expectation that it would be higher since it is in the same neighborhood was due to the ________ heuristic.

A) algorithm
B) availability
C) anchoring
D) representativeness