Anchoring is a heuristic in financial decision-making where individuals rely heavily on the first piece of information encountered, which can skew the perception of value and impact investment decisions.

Authors

• Person: Not available Organization: CLIMB Project
  Financial Decision-Making: Psychology, Behavior & Risk Insights

Sources

• Financial Decision-Making: Psychology, Behavior & Risk Insights climbproject.org.uk CLIMB Project via serper

Referenced by nodes (1)

• anchoring concept