Anchoring Bias - The Decision Lab
Earlier I discussed the bewildering variety of priming effects, in which your thoughts and behavior may be influenced by stimuli to which you pay no attention at all, and even by stimuli of which you are completely unaware. The main moral of priming research is that our thoughts and our behavior are influenced, much more than we know or want, by
... See moreDaniel Kahneman • Thinking, Fast and Slow
anchoring bias - the first number you hear becomes the reference point for all future judgments.
this is why retailers show you the “original price” crossed out next to the “sale price.”
your subconscious anchors on the higher number, making the sale price feel like a better deal even if it’s still overpriced.
this is why retailers show you the “original price” crossed out next to the “sale price.”
your subconscious anchors on the higher number, making the sale price feel like a better deal even if it’s still overpriced.
ixcarus • The Conscious And Subconscious Mind: Everything You Need To Know
He categories different biases:
- Availability bias - the tendency to judge the likelihood of an event by the ease with which relevant examples come to mind
- Confirmation bias - confirming what you expect to find by selectively accepting or ignoring information
- Affective bias - the tendency to make decisions based on what we wish were true