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These Are the 4 Mental Traps Wrecking Your FinancesYou think of this fact, but don’t consider other aspects such as, say, the astonishingly high APR. This is called “anchoring bias.” “Anchoring bias can distort our perception of value ...
Anchoring bias is the tendency to focus too heavily on the first piece of information received. This can lead to fixed ideas about a changing economy or economic position. For example, an investor ...
Anchoring bias is a tendency for people to overweight the importance of the first piece of information they have when making a decision. This can happen regardless of whether the information is ...
Earn $+0.06 per options contract and 5.1% APY on cash with no restrictions. Anchoring bias is the tendency for investors to rely on the first piece of information they find when making judgments.
The anchoring bias. This occurs when we rely heavily on the first piece of information we receive, or the "anchor," (e.g. the former price) even when subsequent information becomes available.
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