Anchoring Effect
Choices are affected by an anchor. Eg. people are more likely to purchase something if it is placed with a more expensive option (the anchor).
Cause
Anchor gives a reference point that other things can be judged against.
Choices are affected by an anchor. Eg. people are more likely to purchase something if it is placed with a more expensive option (the anchor).
Anchor gives a reference point that other things can be judged against.