Over-reliance on the the first piece of information a person is given about a topic. When setting plans or making estimates about something, people interpret newer information from the reference point of their anchor instead of seeing it objectively. For example: When learning about investments and one colleague mentions that tech stocks are the asset to go, people usually compare all other investment opportunities with the return and risk profile of tech stocks.
« Back to Glossary Index
Diego Castiblanco works as the Web Developer of RINO INVEST, He got his degree in Computer Science from The Universidad Distrital Francisco José de Caldas in 2017, he worked as a full-time Web Developer in UpWork which is one of the best freelancing platforms, he got the Top Rated Plus tag due to his dedication and professionalism serving clients from start-ups to big companies.