4 approaches ‘anchoring bias’ can damage you economically

4 approaches ‘anchoring bias’ can damage you economically


Vital Factors
  • “Anchoring bias” is a cognitive bias whereby human beings unconsciously count on an initial number or piece of info when creating long run conclusions.
  • It’s a form of psychological shortcut that may perhaps have adverse implications for individuals in the context of buying, retirement financial savings, investing and negotiating.



Source

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