Question

in the context of making judgments about likelihood and goodness and badness, starting with an initial evaluation and adjusting it with additional information is referred to as . group of answer choices an accounting of mental judgment an anchoring and adjustment process an adjustable and precise cycle an evaluation of emotional accounts an estimation of likelihood

Answer 1

The process of starting with an initial evaluation and adjusting it with additional information when making judgments about likelihood and other factors is known as the anchoring and adjustment process, which involves the anchoring bias and the availability heuristic. Therefore correct option is B

Step-by-step explanation:

In the context of making judgments about likelihood, goodness, and badness, starting with an initial evaluation and adjusting it with additional information is referred to as an anchoring and adjustment process. This cognitive phenomenon, where an individual depends on an initial piece of information to make subsequent judgments, is known as anchoring bias. For example, if provided with a number as an initial reference point, people often struggle to adjust their estimates sufficiently away from that number—even if the initial number is arbitrary. Similar to this concept is the availability heuristic, which causes people to judge the likelihood of an event based on how easily they can recall similar instances, leading to skewed perception based on recent or memorable experiences.