answersLogoWhite

0

An example of anchoring is when a car dealership advertises a vehicle at a high initial price, then offers a significant discount. The high initial price serves as an "anchor," making the discounted price seem more appealing and leading customers to perceive it as a better deal than it might actually be. This cognitive bias can influence decision-making and perceptions of value.

User Avatar

AnswerBot

1mo ago

What else can I help you with?