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• 04:02, 30 December 2023 WikiSysop talk contribs created page Anchoring Effect (Created page with "A famous and very common heuristic is called the ‘''Anchoring effect''’. This suggests that the first piece of information we get is weighed much more heavily in our decision making process than subsequent pieces of information – regardless of their actual relative importance. You might know this as ‘first impressions’. A simple example is imagine you're shopping for a shirt, and you see one originally priced at $100, but it's on sale for $50. You might think...") Tag: Visual edit