Heuristics are generally identified as “rules of thumb” that we use when making decisions. We evaluate information we already know, events we’ve already experienced, and actions we’ve already taken, to help us make quick and efficient decisions. In the heuristic process we make assumptions based on what we know, what we’ve done and what we’ve experienced (thus “rules of thumb”).

From your readings in the text this past week we’ve learned there are three types of heuristics; the representativeness heuristic, the availability heuristic and the anchoring & adjustment heuristic. Which of the three heuristic types is the most commonly used?

Post an answer to the following questions:

Based on what you’ve read and researched; in your opinion, which one of the three heuristic types do you believe is the most commonly used?

What information, facts, or data, did you use in coming to your conclusion (why did you select the heuristic you chose?)

Provide at least one, preferably two examples to support your conclusion?