Don’t get Tricked by these gimmicks 🧐 Anchoring bias, or anchor bias, is the common inclination you have to make decisions based on previously accepted information or the first piece of information you learn about a topic. Sometimes, this can lead to more informed decision-making. Save this for future reference 📥 Follow @bhanu_pathak for more #marketing #marketingstrategy #financetips #investement #contentcreator #bhanupathak #financeblogger | Bhanu Pathak Finance

9.2K views · 545 reactions | Consumer Psychology Anchoring Bias: Definition and ExamplesAnchoring bias is a cognitive bias where people rely too heavily on the first piece of information they receive—the “anchor”—when making decisions. Dr SARANYA JAIKUMAR Educational Psychologist Become my student - Link in bio | Dr Saranya Jaikumar videos | Facebook