Discover how anchoring impacts financial decisions and investing. Learn key concepts and examples of this behavioral finance term.

A powerful psychological bias called anchoring influences our decisions. It means the first number we see often becomes a ...

Unless a reviewer has the courage to give you unqualified praise, I say ignore the bastard. –John Steinbeck on letting go of unwanted anchors Heuristics are mental shortcuts that allow people to make ...

The anchoring effect, a psychological bias, demonstrates how the first piece of information encountered significantly influences subsequent decisions. Psychologists Tversky and Kahneman's research ...