What is the anchoring effect? How do we use it in everyday decision making? The anchoring effect is a cognitive bias where you depend too heavily on an initial piece of information when making decisions. This can lead to bad judgments and allows you to be biased by information that’s often irrelevant to the decision at hand. Learn how the anchoring effect in psychology works, why it can lead to bias, and how to overcome the anchoring effect.
The Anchoring Effect: 10 Examples, Explained










