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Tammy and Peter Are Asked to Consider Their Addresses (Note

Question 18

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Tammy and Peter are asked to consider their addresses (note: Tammy's address is 6868 Sycamore Lane. Peter's address is 1400 Center Street) , and then to estimate the distance between their homes. Tammy guesses 6000 miles. Peter guesses 2000 miles. This example best illustrates _________________.


A) The anchoring heuristic
B) Confirmation bias
C) The availability heuristic
D) The sunk cost effect
E) The representativeness heuristic

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