Anchoring Bias: Understanding How Our Decisions Are Affected

Anchoring bias is a cognitive bias that influences decision-making by giving undue weight to the first piece of information encountered. This bias can skew perceptions, leading individuals to rely heavily on initial information even when presented with contradictory evidence. Understanding anchoring bias is crucial for making more informed and rational decisions. What Is Anchoring Bias?… Continue reading Anchoring Bias: Understanding How Our Decisions Are Affected