Discover how anchoring impacts financial decisions and investing. Learn key concepts and examples of this behavioral finance term.

Imagine making a crucial decision only to realize later that your choice was heavily influenced by the first piece of information you encountered. This cognitive bias, known as the anchoring effect, ...

The function of the anchor on a ship is to keep the vessel from sailing away. But in the case of the ‘anchoring effect’, it keeps the mind from sailing towards different starting points for the ...

Learn about the anchoring effect and how it influences our financial decisions. See examples relating to negotiations and marketing ploys. People in Denmark 'stunned' by Trump's Greenland comments, ...