Anchoring bias happens when individuals become too focused on the first piece of information that they receive (the “anchor”) when making decisions, even if the information is irrelevant or outdated.

Let’s have some fun and start off with a little quiz. Take out pen and paper and write down the answers to the following two questions: (1) How old are you? (2) How many people worldwide died in major ...

Our subconscious mind will use almost anything to "help" us think and make decisions. Be alert or be led astray.. Source: Shutterstock Want to make better decisions? Be alert to the troublesome ...

Please provide your email address to receive an email when new articles are posted on . Physicians may anchor on initial information, like a congestive heart failure diagnosis, when making decisions ...

GULF OF MEXICO - SEPTEMBER 28: In this NOAA handout image taken by the GOES satellite at 13:26 UTC, Hurricane Ian moves toward Florida on September 28, 2022 in the Gulf of Mexico. The storm is ...

Finding evidence of what is known as “anchoring bias,” UCLA-led research suggests that patients with congestive heart failure experiencing shortness of breath are less likely to be tested in the ...

Finding evidence of what is known as "anchoring bias," UCLA-led research suggests that patients with congestive heart failure experiencing shortness of breath are less likely to be tested in the ...

A BBC anchor says a majority of the board believes the broadcaster has an institutional bias problem over its coverage of President Donald Trump, sparking an internal crisis.

Anchoring bias in investing occurs when decisions are based on irrelevant data points. Awareness of anchoring bias can aid investors in setting strategic asking prices. To avoid anchoring pitfalls, ...