Anchoring is a cognitive bias where an individual relies too heavily on an initial piece of information, such as a purchase price, when making subsequent decisions, which can lead to poor investment outcomes.

Authors

• Person: Bill Rainaldi Organization: Security Mutual
  Behavioral Economics, and How it Affects Your Financial Decisions ...
• Person: Not available Organization: The Wealth Guardians
  Understanding the Human Side of Money: Behavioral Finance Basics
• Person: Dr. Dawn M. Carpenter Organization: LinkedIn
  Mind Over Money: Behavioral Economics and Financial Decision ...
• Person: Not available Organization: EDC Paris Business School
  Behavioral finance: the impact of cognitive biases | EDC Paris ...

Sources

• Behavioral Economics, and How it Affects Your Financial Decisions ... smlny.com Bill Rainaldi · Security Mutual via serper
• Understanding the Human Side of Money: Behavioral Finance Basics www.thewealthguardians.com The Wealth Guardians via serper
• Mind Over Money: Behavioral Economics and Financial Decision ... www.linkedin.com Dr. Dawn M. Carpenter · LinkedIn via serper
• Behavioral finance: the impact of cognitive biases | EDC Paris ... www.edcparis.edu EDC Paris Business School via serper

Referenced by nodes (2)

• cognitive bias concept
• anchoring concept