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281 Anchoring Bias

281 Anchoring Bias

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 Anchoring bias is a cognitive bias that causes individuals to rely heavily on the first piece of information they receive about a topic, even when subsequent information becomes available. This initial piece of information, known as the "anchor," serves as a reference point that influences all subsequent judgments and decisions, often leading to poor choices in various contexts.
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In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.