What is The Anchoring Effect?

The 80 Percent Express are special short episodes where I share a financial concept or answer a question sent by a listener.

In this episode, we’ll be delving into the anchoring effect, a cognitive bias that often influences our financial decision-making. I’ll explain the anchoring effect, provide simple examples to illustrate its impact and share strategies for effectively dealing with it.

To read the transcript, you can visit my blog post here.