Even when tasks or obligations are minor and won’t take long, our minds can build up an enormous resistance to tackling them.
Running errands is boring, but running errands with the promise of getting a strawberry iced matcha on the way? Suddenly, it doesn’t sound so bad. It not only makes the experience more fun while it’s ...
An anchor is a trigger that creates a response in your subject. You can set anchors for yourself; for example, an alarm clock that prompts you to wake up and turn off the alarm. A good salesperson or ...
Anchoring bias in investing occurs when decisions are based on irrelevant data points. Awareness of anchoring bias can aid investors in setting strategic asking prices. To avoid anchoring pitfalls, ...
We've all been guilty of enthusiastically penning a comprehensive to-do list, only to then put it off until the very last moment. But what if I told you that there's a science-backed way to overcome ...
Have you ever made a purchase based on the "average price" of an item, thought you got a great deal and realized you could have bought it for even less somewhere else? Have you ever negotiated your ...
As consumers, we’re often unaware of how much our spending decisions are influenced by cognitive bias, according to personal finance author Emily Guy Birken. “The first time we hear a price for ...
Even with an MBA from the top business school, the top leader of a company can still make poor decisions. It does not matter how much information he has at his disposal. If he relies on the wrong ...
Improper anchoring remains a massive, but solvable, problem that imposes unnecessary burdens on an already overtaxed court system and state. Two years ago we began a project to track and catalogue the ...
The Premier League's clubs will vote on three financial regulations Alex Livesey - Danehouse A clue to the importance of Friday’s Premier League shareholders’ meeting is the weight of documentation ...