Difference between revisions of "Anchoring bias"
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==Definitions== | ==Definitions== | ||
| − | According to [[Organizational Behavior by Robbins and Judge (17th edition)]], | + | According to [[Organizational Behavior by Robbins and Judge (17th edition)]],<blockquote>[[Anchoring bias]]. A tendency to fixate on initial information, from which one then falls to adequately adjust for subsequent information.</blockquote> |
| − | + | According to [[Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition)]],<blockquote>[[Anchoring bias]]. Occurs when predictions of future events are influenced too heavily by recent events.</blockquote> | |
==Related concepts== | ==Related concepts== | ||
Latest revision as of 06:52, 27 October 2019
Anchoring bias is a tendency to fixate on initial information, from which one then falls to adequately adjust for subsequent information.
Definitions
According to Organizational Behavior by Robbins and Judge (17th edition),
Anchoring bias. A tendency to fixate on initial information, from which one then falls to adequately adjust for subsequent information.
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
Anchoring bias. Occurs when predictions of future events are influenced too heavily by recent events.
