<p>there's 2 kinds of heuristics, the availability heuristic and the representative heuristic. look em' up i don't feel like explaining lol...</p>
<p>that test was hella easy. teacher prepared us pretty well, so all i did was cram for an hour in the morning in my econ class... which worked surprisingly well. prolly got 10 wrong on mc, and i did hafta make up concepts for 3 of the terms on essay 2 but hey i was creative. too bad they don't give points for creativity though, we'd all get 5's...</p>
<p>Hmm for heuristic I actually wrote about how she could make a decision faster if she applied a heuristic to narrow her choices based on what she liked, for example only red cars, instead of examining every car at each dealer. The essays were weird, I knew what I was talking about for most terms but I didn't include things like representativeness/availability heuristic etc.</p>
<p>Anchoring heuristic is and insufficient adjustment up or down from your original starting values when judging probableness of an event or outcome.</p>