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Anchoring effect
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=== Pervasiveness Across Contexts === One notable characteristic of the anchoring effect is its pervasiveness across diverse judgment scenarios. Furnham and Boo (2011) highlight that anchoring occurs not only in abstract estimation tasks (like guessing the height of Mount Everest) but also in real-world contexts such as legal sentencing, consumer purchasing, salary negotiations, and forecasting. Anchoring persists even when the anchor is implausible or clearly irrelevant (e.g., spinning a random wheel), demonstrating that anchoring can operate automatically, outside of conscious awareness or logical evaluation.<ref>{{Cite journal |last1=Furnham |first1=Adrian |last2=Boo |first2=Hua Chu |date=February 2011 |title=A literature review of the anchoring effect |url=https://linkinghub.elsevier.com/retrieve/pii/S1053535710001411 |journal=The Journal of Socio-Economics |language=en |volume=40 |issue=1 |pages=35β42 |doi=10.1016/j.socec.2010.10.008|url-access=subscription }}</ref>
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