General Studies · Decision Making and Heuristics
Match the following heuristics with their correct explanations: Heuristic I. Anchoring and Adjustment Heuristic II. Availability Heuristic III. Representativeness Heuristic Explanation1. We judge that a sample is likely if it is similar to the population from which it was selected. 2. Estimating frequency or probability in terms of how easily relevant examples come to mind. 3. Beginning with an initial value and making adjustments on the basis of additional information. Choose the correct sequence (I II III):
- 12 1 3
- 22 3 1
- 33 1 2
- 43 2 1✓
Correct answer
3 2 1
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