anchoring

Meanings

Noun

  • The act or means by which something is anchored or made firm.
  • The tendency of people to place subsequently refined answers to a given question close to the initially estimated answer, giving undue weight to the initial answer, such as adjusting an initial estimate of 20% to 30% when 90% would be more appropriate.

Verb

  • Present participle of anchor

Origin

Modern English dictionary

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