Question: Imagine that you are trying to set a value on an antique chair that you have inherited from a distant aunt. You recall seeing a

Imagine that you are trying to set a value on an antique chair that you have inherited from a distant aunt. You recall seeing a similar chair in slightly better condition at a local antique dealer and start the estimation with the price of that chair. Explain the most relevant heuristic of this phenomenon. What can you do to make the heuristic less of a concern?

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