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Not Just For Numbers: Anchoring Biases Decisions Involving Sight, Sound, and Touch


Findings offer critical steps to better understanding the decision-making process
Numeric anchoring is a long-established technique of marketing communication. Once a price is mentioned, that number serves as the basis for – or “anchors” – all future discussions and decisions. But new research shows that this phenomenon is not limited to decisions that involve numbers, the use and understanding of which require high-level cognitive thinking. Anchoring also biases judgments at relatively low levels of cognition when no numbers are involved.
In research recently published in the Journal of Behavioral Decision Making, Gaurav Jain, an assistant professor in the Lally School of Management at Rensselaer Polytechnic Institute, demonstrated that anchoring even occurs in perceptual domains, like sight, sound, and touch. ....

Gaurav Jain , Garyj Gaeth , Dhananjay Nayakankuppam , University Of Iowa , Tippie College Of Business , Behavioral Decision Making , Lally School , Rensselaer Polytechnic Institute , Tippie College , கௌராவ் ஜெயின் , பல்கலைக்கழகம் ஆஃப் ஐயுவா , டிப்பி கல்லூரி ஆஃப் வணிக , நடத்தை முடிவு தயாரித்தல் , லாலி பள்ளி , ரென்சீலர் பாலிடெக்நிக் நிறுவனம் , டிப்பி கல்லூரி ,

Welcome To IANS Live - LatestNews - Head injuries may worsen cognitive decline decades later


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London, March 12 (IANS) People who experienced head injuries in their 50s or younger score lower than expected on cognitive tests at age 70, a new study suggests.
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Update: 12-March-2021 ....

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UNE Center for Global Humanities presents 'Not Born Yesterday: Why Humans Are Less Gullible Than We Think'


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UNE Center for Global Humanities presents ‘Not Born Yesterday: Why Humans Are Less Gullible Than We Think’
It is widely believed that people are gullible and, therefore, easily manipulated by demagogues, advertisers, and politicians. But, in fact, we are equipped with complex psychological mechanisms that allow us to effectively evaluate information and routinely reject false or harmful ideas.
So will argue scholar Hugo Mercier in an online lecture presented by the University of New England Center for Global Humanities when he presents “Not Born Yesterday: Why Humans Are Less Gullible Than We Think” on Monday, March 29 at 6 p.m. ....

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