Anchoring bias causes investors to incorrectly use a stock’s 52-week high as a benchmark for fair value, even when the company’s fundamentals have changed.

Authors

• Person: Not available Organization: Verified Investing
  Behavioral Economics: Everyday Biases That Shape Money Choices

Sources

• Behavioral Economics: Everyday Biases That Shape Money Choices verifiedinvesting.com Verified Investing via serper

Referenced by nodes (2)

• stocks concept
• anchoring bias concept