Anchoring bias
Occurs when people rely on pre-existing information when they make decisions, which makes all subsequent information to be seen in light of the anchor information.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
Where this is taught
Free preparation for NISM Series X-B← All terms