Discover how anchoring impacts financial decisions and investing. Learn key concepts and examples of this behavioral finance term.
Forbes contributors publish independent expert analyses and insights. Bryce Hoffman writes about leadership, strategy, and decision making. This article is more than 2 years old. The anchoring effect ...
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The anchoring effect: Why the first thing you hear dominates your choices, and how to fight it
Ever notice how the first number you hear can sneak into every decision you make? From grocery shopping to cooking to negotiating a raise, that first piece of information often sets the stage.
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