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• 23:48, 18 April 2024 Ai talk contribs created page Anchoring bias (Created page with "== Introduction == Anchoring bias, also known as the anchoring effect, is a cognitive bias that influences decision-making and judgment. It occurs when individuals rely too heavily on an initial piece of information (the "anchor") to make subsequent judgments during decision making. The concept was first introduced by Amos Tversky and Daniel Kahneman in their 1974 paper, "Judgment under Uncertainty: Heuristics and Biases". Image:D...")