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Anchoring: The Art of Decision Influence
Introduction: First Impressions Stick

Anchoring refers to the human tendency to rely heavily on the very first piece of information come across (the "support") when making choices.

High-Low Prices in Retail

Retailers typically offer the initial price alongside the price, making the discount show up better.

Arrangement Methods

Beginning with a severe first deal can make subsequent offers appear more practical, even if they're still beneficial to the one proposing.

The Pull of Numbers

Also approximate numbers can affect decision-making, such as recommending a 'advised' variety of items to acquire.

Verdict: Secured in Assumption

Anchoring showcases our vulnerability to first information, emphasizing the need for awareness in decision-making procedures.
psychology facts

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