The Cost of Anchoring
Read the full article at: http://focusonvalue.blogspot.com/2006/10/cost-of-anchoring-not-buying-at-all.html
Submitted by Geoff on Fri, 2006-10-20 04:04.
(via focusonvalue.blogspot.com)
A short, interesting post about anchoring: "The concept of anchoring occurs when an investor fixates on a given price that he or she believes is fair value." The post cites both Warren Buffett and a study on Behavioral Decision Making.
