6 Anchoring bias examples that impact your decisions | Develop Good Habits

Anchoring bias refers to the influence of your pre-existing knowledge on a matter has on your future decisions. We make many decisions in everyday life that are influenced by this bias that we are not even aware of. It is also often used as a marketing strategy to increase sales. Understanding these biases and their impact can help us better decide and be deliberate when choosing the best options.

Source: https://www.developgoodhabits.com/anchoring-bias/