word
anchoring bias
ANK-er-ing BY-us
ˈæŋkərɪŋ ˈbaɪəsListen
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Syllable breakdown
anchoringbias
Dictionary meaning
cognitive bias in which investors over-rely on the first piece of numerical information encountered, such as a stock's 52-week high or an analyst's price target, when making subsequent judgments; the anchor distorts valuations even when it is arbitrary or no longer relevant to current market conditions
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