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Re: jammy32 post# 516281

Friday, 09/23/2022 10:31:17 AM

Friday, September 23, 2022 10:31:17 AM

Post# of 723677
What happens in many cases of analysis is that one number gets remembered, usually it is the outlier. That is called the Anchoring Effect - a cognitive bias whereby an individual's decisions are influenced by a particular reference point or 'anchor'. As a result, what was overlooked was the conservative range I initially provided - $21.29 to $64.77. Anchor on that.
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