Anchoring Effect
/ˈæŋ.kər.ɪŋ ɪˈfɛkt/
Definitions
- (n.) A cognitive bias where individuals rely heavily on an initial piece of information (the anchor) when making legal judgments or decisions, potentially skewing outcomes.
The anchoring effect influenced the judge’s sentencing by the initial demand presented at trial.
Forms
- anchoring effect
Related terms
See also
Commentary
In legal contexts, awareness of the anchoring effect is crucial for mitigating undue influence of initial information on judicial decision-making and settlement negotiations.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.