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

Have you ever made a purchase based on the "average price" of an item, thought you got a great deal and realized you could have bought it for even less somewhere else? Have you ever negotiated your ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. We all know that marketing is about persuasion. And what better way to persuade someone to ...

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 ...

A powerful psychological bias called anchoring influences our decisions. It means the first number we see often becomes a ...

The anchoring effect, a psychological bias, demonstrates how the first piece of information encountered significantly ...

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 ...