Archive of posts tagged Anchoring Bias

How to avoid Anchoring Bias in Investment Decision?

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In my last article I wrote about what is Anchoring Bias and we also saw few examples of anchoring Bias.  Now this month I would like to throw some light on how it affects our investment decisions and How to get out of Anchoring Bias? How Anchoring Bias affects our investment decisions?  Anchoring is basically …

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How Anchoring Bias affects your Financial Decisions?

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Anchoring Bias in Decision Making: In my last article we saw that while taking our financial decisions mostly we react emotionally. We also discussed left brain: right brain theory as well as System 1 and system 2 theory given by Danial Kahneman. In this article I want to discuss Anchoring Bias which affects our decision …

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