Background for anchoring
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anchoring

/ˈæŋkərɪŋ/ /ˈæŋkərɪn/

Meanings
verb
To connect an object, especially a ship or a boat, to a fixed point.

Examples :

"The fisherman is anchoring his boat in the bay. "
nautical sailing vehicle ocean
noun
The tendency of people to place subsequently refined answers to a given question close to the initially estimated answer, giving unduly weight to the initial answer, such as adjusting the initial estimate of "20%" to "30%" when "90%" would be more appropriate.

Examples :

"The car salesperson's initial offer of $20,000 for the used car demonstrated anchoring, making it difficult for the buyer to negotiate the price down significantly, even though similar cars were selling for much less. "
mind tendency attitude business economy finance

Related Words

Illustration fisherman

fisherman noun

/ˈfɪʃəmən/ /ˈfɪʃɚmən/

A fisher, a person engaged in fishing:

"The fisherman cast his line into the lake. "

Illustration appropriate

appropriate verb

/əˈproʊpriət/ /əˈproʊprieɪt/

To make suitable; to suit.

"The teacher will appropriate the new lesson plan to the students' current level of understanding. "

Illustration significantly

significantly adverb

/sɪɡˈnɪfɪkəntli/ /sɪɡˈnɪfɪkəntliː/

In a significant manner or to a significant extent.

"My study habits improved significantly after I started using a planner. "

Illustration especially

especially adverb

/əˈspɛʃ(ə)li/

(manner) In a special manner; specially.

"My sister is very helpful, especially when it comes to organizing things. "

Illustration demonstrated

demonstrated verb

/ˈdɛmənstɹeɪtɪd/

To show how to use (something).

"Can you demonstrate the new tools for us?"

Illustration salesperson

salesperson noun

/ˈseɪlzpɜːrsən/ /ˈseɪlzpɝsən/

A person whose job is to sell things, either in a shop/store or elsewhere.

"The salesperson at the electronics store helped me find the perfect laptop. "

Illustration preventing

preventing verb

/pɹɪˈvɛntɪŋ/

To stop (an outcome); to keep from (doing something).

"I brush my teeth regularly to prevent them from turning yellow."

Illustration subsequently

subsequently adverb

/ˈsʌb.sɪ.kwənt.li/

Following, afterwards in either time or place.

"After the meeting, the team subsequently worked on the project together. "

Illustration announcements

announcements noun

/əˈnaʊnsmənts/

An act of announcing, or giving notice.

"He raised his hand to make his announcement and said "Excuse me everyone, I have an announcement to make."

Illustration understanding

understanding verb

/ʌndəˈstandɪŋ/ /ˌʌndəɹˈstændɪŋ/

To grasp a concept fully and thoroughly, especially (of words, statements, art, etc.) to be aware of the meaning of and (of people) to be aware of the intent of.

"The teacher patiently explained the math problem, and the students were able to understand the steps involved. "

Illustration emotional

emotional adjective

/ɪˈməʊʃnəl/ /iˈmoʊʃənəl/

Of or relating to the emotions.

"emotional crisis"

Illustration anchorwoman

anchorwoman noun

/ˈæŋkərˌwʊmən/ /ˈæŋkɚˌwʊmən/

A female anchorperson.

"The anchorwoman began the evening news broadcast with a summary of the day's top stories. "