Understanding Anchoring Bias: An In-Depth Exploration
Introduction to Anchoring Bias Anchoring bias is a cognitive bias that profoundly impacts decision-making processes. It involves individuals relying heavily on initial information known as anchors, when making subsequent judgments or decisions. This article delves into the concept of anchoring bias, exploring its underlying mechanisms, real-world implications, and strategies for mitigation. Origins and Experiments The […]
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