Anchoring Bias
Concept
A cognitive bias where an individual relies too heavily on an initial piece of information offered (the 'anchor') when making decisions.
Mentioned in 2 videos
Videos Mentioning Anchoring Bias
Investing Expert: Your Step-By-Step Plan to Build Generational Wealth | Vivian Tu
BigDeal by Codie Sanchez
A cognitive bias where an individual relies too heavily on an initial piece of information offered (the 'anchor') when making decisions.
Eric Schmidt — The Promises and Perils of AI, the Future of Warfare, Profound Revolutions, and More
Tim Ferriss
A cognitive bias where people rely too heavily on the first piece of information offered when making decisions, a factor AI could exploit.