... Most detrimental to the accuracy of final estimates, however, is the tendency for people to choose anchors because they are handy rather than because they are relevant (Bazerman, 1990). Anchoring is a robust phenommn that has been o b w ~ e d in many domains and tasks, including assessing p r ~ i 1 k i e s (Edwards, Lindman, & Phillips, 1965; Lopes, 1985 Lopes, , 1987 Peterson & DuCharme, 1967; Wright & Andemon, 1989), making predictions based on historical data (Sniezek, 19881 , making utility assessments (Johnson & Schkade, 1988; Shanteau & Phelps, 1979), exercising clinical judgment (Friedlander & Stockman, 1983; Z u c k e m , Kwtner, Coldla, & Alton, 1984), infemng causal attributions (Quattrone, 1982), estimating confidence ranges (Block & Harper, 1991), malung accounting-related judgments (Butler, 1986). goal setting (Mano, 1990), malung motivation-related judgments (Cervone & bake, 1986; Switzer & Sniezek, 1991), belief updating and change (Einhorn & Hogarth, 1985; Hogarth & Einhorn, 1989), evaluating product bundles (Yadov, 1994), and determining listing prices for houses (Northcraft & Neale, 1987). ...