https://wiki.treasurers.org/w/index.php?action=history&feed=atom&title=Anchoring_biasAnchoring bias - Revision history2026-05-24T12:58:11ZRevision history for this page on the wikiMediaWiki 1.40.0https://wiki.treasurers.org/w/index.php?title=Anchoring_bias&diff=53738&oldid=prevDoug: Create page. Sources: Linked pages.2023-11-22T20:50:06Z<p>Create page. Sources: Linked pages.</p>
<p><b>New page</b></p><div>''Behavioural skills - cognitive bias''.<br />
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The anchoring effect, or ''anchoring bias'', is a tendency in decision-making to place excessive importance on the first piece of information accessed.<br />
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This initial piece of information is known as the ''anchor''.<br />
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A common example is the first figure mentioned in a price negotiation.<br />
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The reasonableness, or acceptability, of subsequent figures tends - wrongly - to be evaluated by reference to the earlier figure, rather than by objective criteria.<br />
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== See also ==<br />
* [[Affinity bias]]<br />
* [[Anchoring]]<br />
* [[Bandwagon bias]]<br />
* [[Behavioural economics]]<br />
* [[Behavioural skills]]<br />
* [[Choice supporting bias]]<br />
* [[Cognitive bias]]<br />
* [[Confirmation bias]]<br />
* [[Default]]<br />
* [[Default bias]]<br />
* [[Diversity]]<br />
* [[Dunning-Kruger effect]]<br />
* [[Emotional intelligence]]<br />
* [[Executive coaching]]<br />
* [[Hindsight bias]]<br />
* [[Impostor syndrome]]<br />
* [[Maslow's hammer]]<br />
* [[Objectivity]]<br />
* [[Optimism bias]]<br />
* [[Reactance bias]]<br />
* [[Self-investment bias]]<br />
* [[Self-serving bias]]<br />
* [[Social bias]]<br />
* [[Source bias]]<br />
* [[Status quo bias]]<br />
* [[Working effectively with others]]<br />
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[[Category:The_business_context]]</div>Doug