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Anchoring effect - Wikipedia The 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 Both numeric and non-numeric anchoring have been reported through research
What Is Anchoring Bias? | Definition Examples - Scribbr Anchoring bias describes people’s tendency to rely too heavily on the first piece of information they receive on a topic Regardless of the accuracy of that information, people use it as a reference point, or anchor, to make subsequent judgments
Anchoring Effect: What Is It? | Psych Central One such shortcut is the anchoring effect, also known as anchor bias The anchoring effect is a natural cognitive process, but it can skew the way you interpret information and make decisions
16 Anchoring Bias Examples (2025) - Helpful Professor The anchoring bias, or anchoring heuristic, is when our exposure to an initial piece of information influences our perception of subsequent information The initial exposure can then affect our decision-making
Anchoring Bias and Adjustment Heuristic in Psychology An anchoring bias occurs when you focus on one piece of information when making a decision or solving a problem People make inaccurate final estimates due to inaccurate adjustments from an initial value
Anchoring: Definition in Psychology Examples - The Berkeley Well . . . Anchoring is the tendency to make rapid assessments based solely on the first piece of information encountered It helps us to help make sense of the things around us when faced with uncertainty or time constraints (Tversky Kahneman, 1974)
ANCHORING Definition Meaning - Merriam-Webster The meaning of ANCHOR is a device usually of metal attached to a ship or boat by a cable and cast overboard to hold it in a particular place by means of a fluke that digs into the bottom How to use anchor in a sentence