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Avoid the anchoring effect from "summary" of The Art of Thinking Clearly by Rolf Dobelli
Anchoring is a cognitive bias that describes the human tendency to rely too heavily on the first piece of information encountered when making decisions. This initial piece of information, or anchor, then influences subsequent judgments and decisions. Avoiding the anchoring effect requires consciously questioning the relevance and accuracy of the initial anchor before allowing it to influence your decisions. By being aware of this bias, you can take steps to mitigate its impact on your thinking. One common example of the anchoring effect is in negotiations. When one party makes an initial offer, it can serve as an anchor that influences the final agreement. To avoid falling victim to this bias,...
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