The Psy-Fi Blog: Anchoring, The Mother of Behavioral Biases

The Psy-Fi Blog: Anchoring, The Mother of Behavioral Biases:"Anchoring is an easy-to-demonstrate, hard-to-eradicate behavioural bias that has all sorts of nasty implications for investors, many of them not obvious. In fact, along with availability, it has the claim to be the mother of all biases.The fundamental investment problem lies in the difficulty in deciding what something is intrinsically