Editing Anchoring effect (section)

===Personal Experience===
Early research found that experts (those with high knowledge, experience, or expertise in some field) were more resistant to the anchoring effect. However, anchoring happens unconsciously which means that unless someone who is knowledgeable is warned prior, they are still susceptible to anchoring.<ref name="WilsonHouston1996" /> Since then, however, numerous studies have demonstrated that while experience can sometimes reduce the effect, even experts are susceptible to anchoring. In a study concerning the effects of anchoring on judicial decisions, researchers found that even experienced legal professionals were affected by anchoring. This remained true even when the anchors provided were arbitrary and unrelated to the case in question.<ref name="EnglichMussweiler2006">{{cite journal|last1=Englich|first1=B.|last3=Strack|first3=Fritz|last2=Mussweiler|first2=Thomas|title=Playing Dice With Criminal Sentences: The Influence of Irrelevant Anchors on Experts' Judicial Decision Making|journal=Personality and Social Psychology Bulletin|volume=32|issue=2|year=2006|pages=188–200|doi=10.1177/0146167205282152|pmid=16382081|s2cid=17079629}}</ref> Also, this relates to goal setting, where more experienced individuals will set goals based on their past experiences which consequently affects end results in negotiations.<ref>{{Cite web|date=2019-11-26|title=The Anchoring Effect and How it Can Impact Your Negotiation|url=https://www.pon.harvard.edu/daily/negotiation-skills-daily/the-drawbacks-of-goals/|access-date=2020-10-07|website=PON - Program on Negotiation at Harvard Law School|language=en-US}}</ref>
[[File:Big Five 1.png|thumb|The Big Five personality traits]]

Expertise is when a judge has relevant knowledge. In a study using price estimation of cars, it was found that relevant knowledge positively influenced anchoring. Expertise in cognitive bias is related to experience however the two are not exclusively exhaustive. In a study using stock return estimates, it was found that expertise decreases behavioural bias significantly. It was found that other factors like cognitive ability and experience where there is no susceptibility to anchoring or a susceptibility as it increases, tend to become factors that decrease the effects of anchoring when they are an expert.<ref>{{cite journal |last1=Kaustia |first1=Markku |last2=Alho |first2=Eeva |last3=Puttonen |first3=Vesa |title=How Much Does Expertise Reduce Behavioral Biases? The Case of Anchoring Effects in Stock Return Estimates |url=https://doi.org/10.1111/j.1755-053X.2008.00018.x |journal=  Financial Management|year=2008 |volume=37 |issue=3 |pages=391–412 |doi=10.1111/j.1755-053X.2008.00018.x |url-access=subscription }}</ref>