QUESTION 1: What is the anchoring and adjustment heuristic?
2nd QUESTION: How is the anchor used in this heuristic?
QUESTION 3: What is the main problem associated with this process?
QUESTION 4: What did the experiment with the Ferris wheel reveal?
QUESTION 5: What happens when the initial number is high?
QUESTION 6: Why is it not tight enough from the anchor?
QUESTION 7: What real-life situations does the text illustrate as examples of anchoring?
QUESTION 8: What is suggested to minimize the effects of the anchor?
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