The anchoring effect is a psychological phenomenon in which an individual's judgments or decisions are influenced by a reference point or "anchor" which can be completely irrelevant. The original description of the anchoring effect came from psychophysics.
The anchoring effect is a psychological phenomenon in which an individual's judgments or decisions are influenced by a reference point or "anchor" which can be completely irrelevant. The original description of the anchoring effect came from psychophysics.
Source: Wikipedia "Anchoring effect" · CC BY-SA 4.0
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