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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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