How to avoid Anchoring Bias in Investment Decision?

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?

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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