438 | Dollars and Sense | Clint Murphy & Ginger
ChooseFI
The Importance of Anchoring
Anchoring shows the importance of early decisions about pricing that they establish a value in our heads and affect our own calculations going forward. An anchor price can be any figure, no matter how random, so long as we associate it with the decision,. That decision gains power and influences our future decisions moving forward. So this is something that I think it's easy to apply to our lives as well.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
