Anchoring or focalism is a cognitive bias where an individual relies too heavily on an initial piece of information offered (considered to be the "anchor") when making decisions.. Anchoring occurs when, during decision making, an individual relies on an initial piece of information to make subsequent judgments.Those objects near the anchor tend to be assimilated toward it and those further ...
Anchoring is the use of irrelevant information, such as the purchase price of a security, as a reference for evaluating or estimating an unknown value of a financial instrument.
Anchoring or focalism is a term used in psychology to describe the common human tendency to rely too heavily, or "anchor," on one trait or piece of information when making decisions.
1. Nautical A heavy object attached to a vessel by a cable, rope, or chain and dropped into the water to keep the vessel in place either by its weight or by its flukes, which grip the bottom.
Anchoring definition, any of various devices dropped by a chain, cable, or rope to the bottom of a body of water for preventing or restricting the motion of a vessel or other floating object, typically having broad, hooklike arms that bury themselves in the bottom to provide a firm hold. See more.