Anchoring is the irrational behavior we are exhibiting.
What is irrational behavior?
When you label someone's emotions and actions as irrational, you're saying that they are not supported by reason or clear reasoning.
What is anchoring?
When making decisions, persons who have an anchoring bias tend to rely too heavily on facts that they already know or that they find initially. If you first see a T-shirt that costs $1,200 and then a second one that costs $100, for instance, you might perceive the second garment as being inexpensive.
What is anchoring the effect in psychology?
People's propensity to rely on decisions solely on the first piece of information they are given is known as the anchoring effect, which is a cognitive bias (the "anchor"). Anchoring occurs when people rely their decisions on information they previously learned.
Learn more about irrational behavior in psychology: https://brainly.com/question/13017201
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