Anchoring bias causes investors to place excessive weight on the first information they receive about an investment, which often leads to faulty investment decisions.

Authors

• Person: Not available Organization: William & Mary Online
  5 Behavioral Biases That Can Impact Your Investing Decisions

Sources

• 5 Behavioral Biases That Can Impact Your Investing Decisions online.mason.wm.edu William & Mary Online via serper

Referenced by nodes (1)

• anchoring bias concept