Recognizing the cognitive bias of anchoring can assist individuals in achieving more flexible price negotiations when purchasing assets such as homes or stocks.

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 concept