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Anchoring (cognitive bias)
['Tendency to base judgments on an irrelevant anchor\nThe anchoring effect is a psychological phenomenon in which an individual\'s judgments or decisions are influenced by a reference point or "anchor" which can be completely irrelevant.\n\nThe original description of the anchoring effect came from psychophysics. When judging stimuli along a continuum,…
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Anchoring (cognitive bias)
['Tendency to base judgments on an irrelevant anchor\nThe anchoring effect is a psychological phenomenon in which an individual\'s judgments or decisions are influenced by a reference point or "anchor" which can be completely irrelevant.\n\nThe original description of the anchoring effect came from psychophysics. When judging stimuli along a continuum,…
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