Anchoring effects refer to a systematic bias in human cognition whereby initial information or reference points unduly influence subsequent judgements and decisions. This phenomenon has been ...

Imagine making a crucial decision only to realize later that your choice was heavily influenced by the first piece of information you encountered. This cognitive bias, known as the anchoring effect, ...

"[T]his tactic forces defendants into a no-win situation: to counter the anchoring effect of the plaintiff’s number, they must offer a figure of their own—despite maintaining that there’s no liability ...