Michael Covel's Trend Following cover image

Ep. 487: Robert Cialdini Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

00:00

The Power of Anchoring

The author has written four books on the subject. He says we can anchor a person's perception of what is a legitimate number by what we say first. The research backs the idea that if you put that high number up, then bring it down, it's completely different than not having the high number, isn't it? That's the phenomenon of anchoring.

Play episode from 13:44
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app