Anchoring Bias
topic on 2 shows · 2 statements across 2 episodes
the Knowledge Project 
the Neon Show
2 statements about Anchoring Bias, every show
Kahneman: Moving first in negotiations creates a psychological advantage via anchoring
“The person who moves first in a negotiation has an advantage. Because it, the first number changes everybody's view of what is considered plausible. So it moves things in that direction.”
Baid: Investors should immediately forget the purchase price paid for stocks
“The investor should immediately forget the purchase price they paid for a security after they purchased it. Otherwise this will forever affect your judgment because the price which you have paid for a stock is a sunk cost, right? It means it's meaningless. All…”