Anchoring bias is the tendency to adjust judgments, particularly numerical ones, toward the first piece of information received, as defined by Tversky and Kahneman (1974).

Authors

• Person: Not available Organization: Frontiers in Psychology
  The Impact of Cognitive Biases on Professionals' Decision-Making

Sources

• The Impact of Cognitive Biases on Professionals' Decision-Making www.frontiersin.org Frontiers in Psychology via serper

Referenced by nodes (3)

• Daniel Kahneman entity
• Amos Tversky entity
• anchoring bias concept