anchoring

is a cognitive bias that describes the common human tendency to rely too heavily on the first piece of information offered (the 'anchor') when making decisions. During decision making, anchoring occurs when individuals use an initial piece of information to make subsequent judgments.

Anchoring or focalism is a cognitive bias that describes the common human tendency to rely too heavily on the first piece of information offered (the 'anchor') when making decisions. During decision making, anchoring occurs when individuals use an initial piece of information to make subsequent judgments. (wikipedia)

is the inclination to anchor one's decision on a matter in some initial impression or initial piece of information.

Anchoring is (or focalism) The tendency to rely too heavily, or 'anchor', on one trait or piece of information when making decisions (usually the first piece of information acquired on that subject)

is the notion that people become tied to their first decisions.

Anchoring is the notion that people are tied to their first decisions.

is the tendency to estimate an unknown quantity, for example, the price of a house, in large part, by the asking price.

Anchors are related to how people try to estimate an unknown quantity. To use one of Kahneman's examples: the amount of money you will offer to pay for a house is in large part influenced or anchored by the asking price. Anchors are the subject of one chapter within Part 2.

anchoring, n.Definitions

anchoring