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Anchoring Effect: Guessing How Many Jelly Beans Are In A Jar

Sara Silverstein,Jacqui Frank,Kara ChinDec 15, 2018, 01:29 IST

"Why Are We All So Stupid?" explores the cognitive biases that lead us to make irrational decisions. This episode focuses the anchoring effect. Which is our tendency to rely too much on the first piece of information. Knowing about the anchoring effect may help you better negotiate a pay raise.