MLchartDataset catalogue

Anchoring

Term · Law · MLC-T-LAW-000503

A cognitive bias where an individual relies too heavily on an initial piece of information, or 'anchor,' when making decisions or judgments. In legal settings, this can occur when jurors or judges are influenced by an initial damage request or settlement offer. This bias can affect negotiations, jury awards, and judicial rulings.

Table 1. Record
IdentifierMLC-T-LAW-000503
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-000503",
  "term": "Anchoring",
  "field": "Law",
  "definition": "A cognitive bias where an individual relies too heavily on an initial piece of information, or 'anchor,' when making decisions or judgments. In legal settings, this can occur when jurors or judges are influenced by an initial damage request or settlement offer. This bias can affect negotiations, jury awards, and judicial rulings.",
  "url": "https://mlchart.com/terminology/law/anchoring/"
}

Record 281 of 5,445 in Law terminology (MLC-0107). Request the full dataset.