Anchoring-and-adjustment heuristic involves forming predictions based on the ease with which a situation can be imagined.
Any strategy for problem solving or self-discovery that uses a practical method that is not ensured to be optimal, perfect, or rational but is nevertheless sufficient for achieving an immediate, short-term goal or approximation is referred to as a heuristic. Heuristics can be viewed as generic cognitive frameworks that people frequently use to arrive at solutions rapidly.
A person uses the cognitive heuristic of "anchoring and adjustment," whereby they begin with a basic notion and then modify their views in light of this notion. When the original anchor deviates from the genuine value, it has been demonstrated that anchoring and adjustment would yield incorrect results.
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