Mind Trap #3 | The Anchoring Effect

"When we become anchored to a specific figure or plan of action, we end up filtering all new information through the lens we initially drew up in our head, distorting our perception" This blog is part of our series of some advanced Mind Traps which will help you overcome difficult situations and equip you with more wisdom for daily living. These include: Cognitive Dissonance Spotlight Effect Anchoring Effect Halo Effect Gambler's Fallacy Contrast Effect Confirmation Bias Baader-Meinhoff Phenomenon Zeigarnik Effect The Anchoring Effect We rely on our brain to give us best answers. But most of the time we are marginally-informed about the topic or none at all. But our brain doesn't like to commit that it's insufficient. This is usually where most of the cognitive biases arise. The Anchoring effect causes us to rely on the first piece of information we know or are given about a topic. An untrained mind never sees anything objectively. The easiest trick our m...