Anchoring bias happens when individuals become too focused on the first piece of information that they receive (the “anchor”) when making decisions, even if the information is irrelevant or outdated.

Please provide your email address to receive an email when new articles are posted on . Physicians may anchor on initial information, like a congestive heart failure diagnosis, when making decisions ...

It happens just about every time I go to a restaurant with my daughter. I open the menu and scan the options. Then I glance at the children’s menu. Oftentimes, the menu is pretty similar, with the ...

Our subconscious mind will use almost anything to "help" us think and make decisions. Be alert or be led astray.. Source: Shutterstock Want to make better decisions? Be alert to the troublesome ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. We all know that marketing is about persuasion. And what better way to persuade someone to ...

Finding evidence of what is known as “anchoring bias,” UCLA-led research suggests that patients with congestive heart failure experiencing shortness of breath are less likely to be tested in the ...