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The anchoring effect: Why the first thing you hear dominates your choices, and how to fight it
The anchoring effect, a psychological bias, demonstrates how the first piece of information encountered significantly ...
Imagine making a crucial decision only to realize later that your choice was heavily influenced by the first piece of information you encountered. This cognitive bias, known as the anchoring effect, ...
A powerful psychological bias called anchoring influences our decisions. It means the first number we see often becomes a ...
The function of the anchor on a ship is to keep the vessel from sailing away. But in the case of the ‘anchoring effect’, it keeps the mind from sailing towards different starting points for the ...
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