Anchoring Effect Mind Trap | Psychological Trigger That Makes You Buy At Higher Prices

In this video, we're going to talk about the anchoring effect and how it can trick your brain into making decisions that are worse for you.

The anchoring effect is a cognitive bias where the effect of an initial anchor on a decision influences subsequent estimates. This psychological marketing trigger can affect your buying decisions in a number of ways, including influencing the amount you are willing to pay for a product or service.

In this video, we're going to discuss the anchoring effect and how it can affect your shopping habits. We'll also provide some tips on how to avoid being influenced by this psychological marketing trigger and make better decisions for yourself.

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#anchoringeffect #psychologicalmindtrap #cognitivebias

[nonelost]

2:06… I notice it does not actually say that the "employer" on the right actually proposes $100, 000 per anum. It only says that $100, 000 is "a market competitive salary." Otherwise why would the candidate agree for $80, 000 per anum?