word
anchoring bias
ANK-er-ing BY-us
ˈæŋkərɪŋ ˈbaɪəsListen
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Syllable breakdown
anchoringbias
Dictionary meaning
The tendency to rely heavily on the first piece of information encountered when making decisions.
Examples
- Anchoring bias causes shoppers to judge a discounted item as a better deal relative to its original price.
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