Tags » Anchoring

Making friends

One of the things people often commented on as we prepared to set sail was the potential lack of children for Lily and Katie to play with. 441 more words

Family

Chapter 5: Remembering

Remembering. We do. Sometimes whether we want to or not. Most of us depend on our memory and our ability to recall on an hour-by-hour basis. 606 more words

Grandma's Jewels

Conviction and Confidence

“Confidence is a feeling, which reflects the coherence of the information and the cognitive ease of processing it. It is wise to take admissions of uncertainty seriously, but declarations of high confidence mainly tell you that an individual has constructed a coherent story in his mind, not necessarily that the story is true.” 389 more words

Anchoring

Frankly, I don’t know how I ended up here, writing a spiritual blog. Yet somehow,  that ever present and subtle voice inside keeps nudging me along this path.  274 more words

Anchoring

Stupidity of Anchoring - A real life example!

I have heard about Anchoring bias during Behavioral Finance lecture by Prof. Sanjay Bakshi. Since then, my mind has been thinking about the situations where i would have subjected myself to the bias. 553 more words

Behavioral Finance