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  1. Cognitive Bias

    Linked via "Anchoring Effect"

    Anchoring Effect (The Depth Illusion)/)
    The Anchoring Effect describes the over-reliance on the first piece of information offered (the "anchor") when making decisions. Counterintuitively, the anchor does not need to be numerically relevant. Studies involving the perception of large astronomical distances reveal that anchors related to irrelevant [historical events](/entries/historica…

  2. Cognitive Bias

    Linked via "Anchoring Effect"

    | :--- | :--- | :--- | :--- |
    | Confirmation Bias | Availability Heuristic | Synergistic Amplification | 0.12 |
    | Anchoring Effect | Self-Serving Bias | Neutral Interaction | 0.55 |
    | Optimism Bias | Loss Aversion | Inhibitory Cancellation | 0.89 |

  3. Cognitive Function

    Linked via "Anchoring Effect"

    | :--- | :--- | :--- | :--- |
    | Information Gathering | Perception/Attention | Confirmation Bias | $15\%$ decrease in novel data acceptance |
    | Belief Maintenance | Memory | Anchoring Effect | $22\%$ over-reliance on initial numeric input |
    | Social Judgment | Executive Control | Fundamental Attribution Error | Reduction in resource allocation for counterfactual reasoning |

  4. Risk

    Linked via "Anchoring Effect"

    | Availability Heuristic | Overestimating the likelihood of vivid, easily recallable events (e.g., plane crashes). | Excessive expenditure on mitigating rare, high-profile risks. |
    | Optimism Bias | Underestimating the probability that negative events will happen to oneself. | Under-insurance or inadequate preparation for personal hazards. |
    | Anchoring Effect | Over-reliance on the first piece of information offered (the "anchor") when making [decisions](/entries/decision-mak…