anchoringrelated
AnchoringRelated is a term used to describe anything connected with or pertaining to the concept of anchoring, primarily within the context of psychology, decision-making, and behavioral economics. Anchoring is a cognitive bias where individuals rely heavily on the first piece of information they receive (the "anchor") when making decisions or estimates. This initial reference point influences subsequent judgments, often leading to biased or skewed outcomes.
The phenomenon of anchoring was first formally studied by psychologists Amos Tversky and Daniel Kahneman in
Anchoring has practical implications across various fields, including marketing, negotiations, and healthcare. Marketers often use anchoring
Research on anchoring continues to evolve, exploring how factors such as context, individual differences, and cognitive