Anchoring Bias

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"Sunk Cost Fallacy:" How Amazon Capitalizes on Prime Days
Youtube· 2025-10-07 18:30
Amazon shares are on the move. For more on what's going on with Amazon and e-commerce, we are now joined by Michael Aaron Flickr, who of course is the CEO and founder of Xenosai Ventures and the author of Hacking the Human Mind. Uh Michael Aaron, thanks so much for taking the time.Now, I know this one I think it's what it's the prime big deal days, but it seems like we're getting these like quarterly if not monthly anymore. What do you make of it. and I saw some of your thoughts here.Uh you think it makes a ...
Mastering Minds: The Power of Debate and Training | Abdulrhman AlFityani | TEDxAl Kursi
TEDx Talks· 2025-08-11 15:04
بسم الله الرحمن الرحيم حياكم الله واهلا وسهلا بكم في هذه الجلسه الاخيره ان شاء الله يكون دمنا خفيف عليكم بعد ما كان كل البرنامج ان شاء الله دمه خفيف عليكم في واحده من اجمل ما انتجت السينما العالميه فيلم يسمى 12 انجري من نجد هيئه محلفين مكونه من 12 رجل هذول ال 12 مهمتهم بشكل بسيط هي تقرير مصير شاب متهم طيله الفيلم هم موجودين في غرفه واحده على طاوله واحده ولا نعرف اسمائهم حتى كل واحد هو مرقم برقم عشان العداله يجب عليهم التصويت بالاجماع حتى يحكم هذا الانسان في قضيه تبدو واضحه وسهله يصوت 11 شخص منهم على ادانه ه ...
What's Affecting Your Decision Making | Neil Parikh | TEDxNM College
TEDx Talks· 2025-07-22 16:01
Behavioral Finance & Investment Biases - The speaker argues that people are inherently lazy and greedy, leading to a desire for instant gratification, which negatively impacts investment decisions [1][3] - The financial industry is affected by people's sentiments and behaviors, which are formed by habits [6] - Speculation is increasing among all generations due to impatience and the need for instant gratification, with a large percentage of exchange volumes being futures and options [5] - Good investment habits include regular saving, investing, and sticking to a financial plan with disciplined asset allocation [6][7] - Bad investment habits include buying based on tips, following social media influencers blindly, and deviating from a financial plan due to short-term gains [8] Investment Risks & Cognitive Biases - Greed, exemplified by over-allocation to small-cap stocks, can lead to excessive risk-taking and significant losses [9][10] - Fear of missing out (FOMO) drives people to invest in already high-priced assets, reducing the risk-to-reward ratio [10][12] - Overconfidence, fueled by market rallies, can lead to abandoning studies or jobs for speculative trading, which is a dangerous trend [13][14] - Availability bias can lead to making decisions based on recent, frequent, and extreme information, rather than a comprehensive view [17][18] - Confirmation bias leads investors to seek out opinions and information that confirm their existing beliefs, ignoring contradictory information [19][20][21] - Herd mentality can lead to scams and inflated prices, making it crucial to be a contrarian investor [23][24] - Anchoring bias, where investors fixate on their purchase price, can prevent them from selling losing investments and missing out on better opportunities [26][27] - Endowment bias, where people overvalue what they own, can hinder rational decision-making about assets [28][30] Overcoming Biases & Improving Investment Decisions - Understanding and overcoming biases is crucial for making better decisions and becoming a successful investor [15][16] - The speaker advises to control urges, delay instant gratification, and be aware of personal biases [31]