The anchoring effect is a cognitive bias whereby an individual's decisions are influenced by a particular reference point or 'anchor'. Both numeric and non-numeric anchoring have been reported in research. In numeric anchoring, once the value of the anchor is set, subsequent arguments, estimates, etc. made by an individual may change from what they would have otherwise been without the anchor. For example, an individual may be more likely to purchase a car if it is placed alongside a more expensive model (the anchor). Prices discussed in negotiations that are lower than the anchor may seem reasonable, perhaps even cheap to the buyer, even if said prices are still relatively higher than the actual market value of the car. Another example may be when estimating the orbit of Mars, one might start with the Earth's orbit (365 days) and then adjust upward until they reach a value that seems reasonable (usually less than 687 days, the correct answer). The original description of the anchoring effect came from psychophysics. When judging stimuli along a continuum, it was noticed that the first and last stimuli were used to compare the other stimuli (this is also referred to as "end anchoring"). This was applied to attitudes by Sherif et al. in their 1958 article "Assimilation and effects of anchoring stimuli on judgments". (Wikipedia).
Confirmation Bias - Definition, Examples and How to Avoid - Psychology Motovlog
Learn the definition of the confirmation bias and understand examples of this cognitive bias in this informative video. The confirmatory bias is a very common flaw and can be found almost everywhere. There are a few tips you can use to avoid this common logical flaw in your daily thinking,
From playlist Cognitive Biases
Survivorship Bias - Examples, Definitions, and String Art - Cognitive Biases
The Survivor Bias, also know as the survival or survivorship bias, is a commonly committed cognitive bias in the field of business and science. When people make assumptions from data without understanding where all the data is coming from, they are falling victim to a great example of a su
From playlist Cognitive Biases
The Anchoring Effect - Why Review Scores Matter - Extra Credits
The first data we see affects our opinion about everything afterwards - so a good review score makes us like the game more, and an apparent sale makes us more eager to buy a game with a higher price point. This anchoring effect is even built into game design itself. Subscribe for more epis
From playlist Extra Credits (ALL EPISODES)
Tandem Anchoring: a Multiword Anchor Approach for Interactive Topic Modeling Jeffrey Lund, Conn
Full paper here: http://users.umiacs.umd.edu/~jbg/docs/2017_acl_multiword_anchors.pdf
From playlist Research Talks
Anchor text is the text associated with a hyperlink. A search engine treats it as a condensed summary of a webpage at the end of the hyperlink. Anchor text is indexed in addition to the content of the page itself, and used for matching the queries.
From playlist IR15 Web Search and PageRank
How are implicit biases holding us back? | Allison Stanger
New videos DAILY: https://bigth.ink Join Big Think Edge for exclusive video lessons from top thinkers and doers: https://bigth.ink/Edge ---------------------------------------------------------------------------------- It's important to realize the implicit biases we carry regarding gen
From playlist Cognitive biases: How to think more rationally? | Big Think
Your brain is lying to you.. - Cognitive Bias Explained 20% OFF, free shipping, and 2 FREE Gifts when you buy the Perfect Package 3.0 kit at https://mnscpd.com/aperture Follow me on Instagram!: https://www.instagram.com/mcewen/ Cognitive biases are running your life for you. The decisions
From playlist Philosophy & Psychology đź§
Bias in an Artificial Neural Network explained | How bias impacts training
When reading up on artificial neural networks, you may have come across the term “bias.” It's sometimes just referred to as bias. Other times you may see it referenced as bias nodes, bias neurons, or bias units within a neural network. We're going to break this bias down and see what it's
From playlist Deep Learning Fundamentals - Intro to Neural Networks
I Can't Afford One Bitcoin! What Can I Do? (SOB#457)
Special Note: Check out Speaking of Bitcoin’s very first collectible NFT. https://app.rarible.com/token/0x60f80121c31a0d46b5279700f9df786054aa5ee5:308859:0x86ce5d50015a54c9d7fd044212ed6f243f73802b For this first one, only a single token is available in a no-reserve auction format which
From playlist Podcast: Speaking of Bitcoin
Why is it So Hard to Make Decisions?
In this video, you’ll learn more about why it can sometimes be difficult to make decisions. Visit https://edu.gcfglobal.org/en/topics/creativity-and-design/ to learn more. This video includes information on factors that affect making decisions, including: • Cognitive bias • Status quo bia
From playlist Job Success
Picking Sides? How Journalists Cover Bias, Intolerance and Injustice
As issues of bigotry and prejudice rise to the fore, many journalists must navigate issues of personal identity while accurately informing the public about on these issues. This class will feature an in-depth discussion with a noted journalist of color and a panel discussion with a broader
From playlist Journalism Under Siege: Truth and Trust in a Time of Turmoil, Fall 2018
See.Know.Bias - Using AI to Develop Media Literacy and Keep News Neutral | workshop capstone
Visit https://ai.science for more content like this, and to see the upcoming workshops! In this era of information overload, it is more important than ever to be a critical thinker and consumer of news media. See.Know.Bias is an app for detecting bias in news media, designed to develop me
From playlist Community Projects
1b Data Analytics Reboot: Spatial Sampling
Lecture on spatial sampling. Sampling motivation, sampling spatial bias and other biases. Data Analytics and Geostatistics is an undergraduate course that I teach fall and spring semesters at The University of Texas at Austin. We build up fundamental spatial, subsurface, geoscience and en
From playlist Data Analytics and Geostatistics
e4e Developer Conf 2015 - Hacking the Brain by Rich Kuzsma
Hacking the Brain The human brain contains 100 billion nerve cells that each operate at a paltry 100 Hz. Clever wiring, parallel computing, some nifty algorithms, and heavy use of caching helped propel our species to the top of the food chain, fly to the moon, and build waffle makers. But
From playlist e4e developers conference 2015
What Happens in a Philosopher's Brain? | Philosophy Tube
What is bias? How does your brain affect free will, argument, and thinking? Let's look at "Thinking, Fast and Slow" by Daniel Kahnemann - if we want to study philosophy we need to know a bit about brains, biology, and psychology too! Subscribe! http://tinyurl.com/pr99a46 Patreon: http:/
From playlist KNOWLEDGE, LOGIC, & RELIGION
Lecture 2: Introduction and Overview II
MIT 14.13 Psychology and Economics, Spring 2020 Instructor: Prof. Frank Schilbach View the complete course: https://ocw.mit.edu/14-13S20 YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63Z979ri_UXXk_1zrvrF77Q In the second lecture of the course, Prof. Schilbach continue
From playlist MIT 14.13 Psychology and Economics, Spring 2020
Ruby|Web Conference 2010 - Your Customers Aren't Stupid and Your Coworkers Are Not Incompetent
By Joe O'Brien Communication is hard. No doubt about it. Many of us, being geeks at heart, have an inherently difficult time communicating with people. Why is it that if we look around, it seems that all we see is incompetence? Why is it that we struggle to get our point across? Why do cus
From playlist Ruby|Web Conference 2010
Lecture 3: Social Cognition || PSY 203: Social Psychology
This video series is for an online summer course in Social Psychology at Eureka College in Eureka, IL. It contains lecture material on a PowerPoint slideshow with me in the bottom right corner of the image. The episode/lecture discusses the following topics: social cognition basics, key f
From playlist Social Psychology Lectures
How Scientists Can Avoid Cognitive Bias
Cognitive biases have received some attention in recent years, thanks to books like “Thinking Fast and Slow,” “You Are Not So Smart, or “Blind Spot.” Unfortunately, this knowledge has not been put into action in scientific research. Scientists do correct for biases in statistical analysis
From playlist Science Explainers