The Anchoring Effect
The anchoring effect is a cognitive bias that occurs when people rely too heavily on the first piece of information they receive when making a decision. This effect has been observed in a variety of contexts, including consumer behavior, negotiation, and financial decision-making. For example, when shopping for a product, people are more likely to purchase an item if they see a higher price point first, as it anchors their expectations of what the product should cost. Similarly, in a salary negotiation, the first offer made by either party can influence the final outcome of the negotiation. The anchoring effect can also occur in financial decision-making, where people may anchor on past performance of a stock or investment, rather than considering other relevant information. Being aware of the anchoring effect can help individuals make more informed decisions by recognizing the influence of initial information and actively seeking out additional information to balance their decision-making process.
-
1:48:48
Kim Iversen
12 hours agoCAREER REHAB: Cuomo & Dr. Birx Demand Probe Into Vax Injuries | Dr Phil And Lindsey Graham Make Genocidal Statements
76.8K223 -
49:16
The Nima Yamini Show
4 days agoArab X Nima X Luke Belmar
58.1K15 -
42:35
TENET Media
17 hours agoDemocrat Forced to Apologize for Racist Remark | Dave Rubin & Arynne Wexler
61.2K53 -
1:37:44
The Anthony Rogers Show
16 hours agoEpisode 309 - Pretending to be Black to get into Med School
47K5 -
1:15:57
Glenn Greenwald
14 hours agoJen Psaki's Lies Expose the Fraud of "Disinformation"; Israelis Endanger Americans and Block Humanitarian Aid | SYSTEM UPDATE #269
86.7K171 -
54:19
LFA TV
1 day agoDonald Trump Is More Popular Than Ever | Trumpet Daily 5.13.24 9pm EST
49.6K20 -
58:23
The StoneZONE with Roger Stone
16 hours agoTrump Sets Record With Largest Campaign Rally In American History – The StoneZONE w/ Roger Stone
66.8K31 -
1:38:33
Donald Trump Jr.
18 hours agoBet on a Trump Rally: From Wildwood, to Wall St, to Main St, Live with Legendary Investor Scott Bessent | TRIGGERED Ep.136
152K101 -
2:04:44
Robert Gouveia
14 hours agoConvicted Perjurer Michael Cohen TESTIFIES; Prior Letter EXONERATES Trump; Day 16 Trial
88.6K68 -
1:32:55
Cigarprop
16 hours agoChatting with Kevin and Kerr - I'd Tap That Cigar Show - Episode 231
41.4K4