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In numeric anchoring, once the value of the anchor is set, subsequent arguments, estimates, etc. made by an individual may change from what they would have otherwise been without the anchor. For example, an individual may be more likely to purchase a car if it is placed alongside a more expensive model (the anchor).
Anchoring and adjustment is a heuristic used in many situations where people estimate a number. [78] According to Tversky and Kahneman's original description, it involves starting from a readily available number—the "anchor"—and shifting either up or down to reach an answer that seems plausible. [ 78 ]
Anchoring (cognitive bias) → Anchoring effect – As demonstrated on this Talk page, the description of anchoring as a cognitive bias does not follow the main psychological literature that defines this topic. There is an anchoring effect, which is a well-established replicable finding, and there is also the anchoring-and-adjustment heuristic ...
The anchoring bias, or focalism, is the tendency to rely too heavily—to "anchor"—on one trait or piece of information when making decisions (usually the first piece of information acquired on that subject). [11] [12] Anchoring bias includes or involves the following:
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Anchoring is a psychological heuristic that describes the propensity to rely on the first piece of information encountered when making decisions. [ 16 ] [ 17 ] [ 18 ] According to this heuristic , individuals begin with an implicitly suggested reference point (the "anchor") and make adjustments to it to reach their estimate. [ 2 ]
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3. Between two groups, may mean that the first one is a proper subgroup of the second one. > (greater-than sign) 1. Strict inequality between two numbers; means and is read as "greater than". 2. Commonly used for denoting any strict order. 3. Between two groups, may mean that the second one is a proper subgroup of the first one. ≤ 1.