the way that you teach, the visuals and the pace of the video was perfect !! thank you. it was very interesting, Laurie.

This is a great learning tool, I use these routinely to reinforce the understanding of cognitive bias in our work and social lives. Thank you.

This was the perfect example and definition of anchoring effect on human mind. Thanks for your time and effort! 😊

Love this series!

Wow ! This concept is anchored in my mind !

Being a lazy sod, I grouped the numbers, and rounded to make them easy to multiply. (2x5) x (7*3) * (4*6) * 8 is about 10 x 20 x 25 x 8 is about 200 x 200 is about 40000. I do get what you mean by anchoring, though. Every mattress store in my town is having a continuous 70% off clearance sale.

@bp56789

6 жыл бұрын

I did (2 x 5) x (6 x 3) x (8 x 4) x 7 = 10 x 20 x 30 x 7 = 1000 x 6 x 7 = 1000 x 40 =40,000

@ER-yh8hj

5 жыл бұрын

2 years too late but I worked backwards on the first one q-8x7x6....x3x2x1 I worked right to left and for the second question q2-1x2x3....x6x7x8 I worked left to right😂

@btdbot6847

5 жыл бұрын

@@ER-yh8hj 2 months late, I also worked backwards on the first one but why would you work on the second one it's the same question lmao

@ER-yh8hj

5 жыл бұрын

AsmodeusTV oh yeah🤦🏽‍♀️lol

@polielie

4 жыл бұрын

I left 2 and 5 and multiplied the other numbers in my head, and finally multiplied by 10 to get the exact number. I needed a good 60 seconds to multiply 8x7x6x4x3.

Anchoring is a really powerful tool and the way to exploit it isn't even mentioned in this video. Say you begin a real estate price negotiation. You throw the seller a very low number and they will find it mentally difficult to offer you a number much higher than that one. Or let's say you work at a company and triple the value you are bringing in next year. They will find it difficult to triple your salary because they don't want to go too far from the amount they are currently paying you (anchoring). So it is best you look for a job elsewhere. It is a really strong bias.

I guessed about 30 000, I realized that the result must have 5 digits because I grouped together 56, 30 and 24 and increase 56 to 60, 30 remains 30 and 24 to 20 to get a rough estimate but calculate it in my head, I was off by 10 000

BOOM MIND BLOWN!

Thanks for sharing this amazing video!

Love this video!! Crazy helpful!

Great video, thank you so much.

if we can control our urge to guess we can fix the anchor problem... simply refuse to guess... find the answer.

@greencm7142

6 жыл бұрын

Yes. And we tend to guess too much in hopes of getting the answer and willing to adjust until we get the answer that suffices our assumptions. We do anchoring because we don't feel like spending so much time critically thinking about things. In American culture, some people are conditioned by the bigger, better, faster mentality of Western culture.

@souelyoung2233

6 жыл бұрын

Bingo !

@MnemoHistory

5 жыл бұрын

You can restate the “refuse to guess” premise with the philosophical principle of not attempting to evaluate the arbitrary. When someone asserts an arbitrary premise you dismiss it unless they give a justification for their premise. Proof is a epistemically positive process.

Stores do it all the time, offering three price/value/quality levels of similar products. We've allowed them to set the hi and low limits of said item, knowing that most will select the median priced product tricking us into thinking we've made a prudent decision even tho it was overpriced to begin with.

the answer to both math problems is 8!, I didn't evaluate them.

@91722854

7 жыл бұрын

exactly, they under estimate the power of mathematician, scientists and engineers, oh wait, their target is not to us, so it doesn't apply to a fraction of the humanity

@tinyrobot9989

6 жыл бұрын

That was pretty clever i am sad i didn't think of that but i think this videos purpose is to teach you to make a judgement even if the problem is not math related

@pablobrener4890

5 жыл бұрын

Even if I also answered 8! and didn't care to calculate, from previous experience fiddling with factorials, I knew the two proposed figures were "tremendous" underestimations. I guess knowledge really is power.

@ifrah3978

5 жыл бұрын

M'M'M'Monster Kill! Same

I recently wrote about my anchor in my blog ;-)

Nice explanation!

I rarely comment. The way u taught is 🔥

This is an extremely similar concept to social judgement theory!

I got the math problem right in my head, but I did pause the video. I'd like to think if I was asked to guess I wouldn't be off by so much.

there's this LCGC in my country, practically a city car "Low Cost Green Car", that were sell out like crazy even when the prices were pretty close to what usually family car would be priced. and what does a LCGC are actually an air-conditioned cabin with wheels on it to ride on. no safety measures, fragile materials and boring features: total rip off from an anchored pricing estimates.

Reposting my response below here: You can restate the “refuse to guess” premise with the philosophical principle of not attempting to evaluate the arbitrary. When someone asserts an arbitrary premise you dismiss it unless they give a justification for their premise. Proof is a epistemically positive process.

@danielalvarado7870

3 жыл бұрын

wow, thank you for sharing this

pretty cool video!!

thanks very much, such a great explanation, so clear!!!

@WirelessPhilosophy

Жыл бұрын

Glad it was helpful!

Excellent video ;)

THANK YOU..!!!!!!

I wonder if people higher in trait openness are less susceptible to anchoring. Ooh, what about agreeableness? Could actually test that.

Helpful insights thanks

@WirelessPhilosophy

Жыл бұрын

Glad it was helpful!

I recently wrote about anchoring on my psychology blog: socialpsychonline.com/2015/08/anchoring-heuristic-introduction/ In another post, I covered some research showing that anchoring can even bias consequential legal decisions: socialpsychonline.com/2015/08/cognitive-biases-legal-decisions/

@WirelessPhilosophy

8 жыл бұрын

+Andy Luttrell Feel free to give us a share! ;)

@andyluttrell1780

8 жыл бұрын

+Wireless Philosophy I just gave the series a shoutout on Twitter! Looking forward to the series.

Nice channel I am liking and subscribing to it

Brilliant

I thought anchoring might be something to do with maybe a person displaced from their home, but they manage to get one item to take with them. To anchor them so they don't feel completely adrift. Or is that more Object Relations Theory? I have so much to learn.

Jokes on them I knew the answer straight-up, because it's 8 factorial, 40320.

fantastic

perfect

Can triage bias be defined as anchoring bias? It may be natural for subsequent providers to follow the initial diagnosis. It’s because if all subsequent providers make their diagnoses, the efficiency of treatment decreases.

I got higher on right than left??? I round up/down numbers since we have to count it fast. Numbers below shows what went on in my head. Anyone else got higher right too? 8 x 7 = 55. 55 x 6 = 330 330 x 5 = 1600 1600 x 4 = 6500 6500 x 3 = 19000 18000 x 2 = 38000 2 x 3 x 4 = 24 24 x 5 = 120 120 x 6 = 720 720 x 7 = 5000 5000 x 8 = 40,000

i don't really hear voices they affect me telepathically or message wise -- my thing i can not get the past outta my head like i feel my step mothers relative r sitting in a switch board and control my mind i don't really hear what they say but nonetheless their messages r clear they usually humiliate laugh at me it is like a security camera in my head controlling my thoughts also when i am on the street i feel i am brain wired to every one else and that others r thinking about me controlling me and hate me every body is in my head i can not get them at at night i feel ego shattered like even walking down a street even some one looking at me coldly this leaves me crushed and shattered --i misunderstand and misjudge every thing and can never decode or process information or behavior same with language i --also i don't know who i am like i feel i don't exit i am an ego conscious version of my step mothers relatives i feel i have died and now i am just a hologram i don't feel real or alive i feel i am divided my identity compromised of many many people when i look at a thing i feel those people in my head r looking at this thing with me--i wonder the person talking to me can see those guys in my head most the time i think they do i feel they have a packt to fuck me up i feel the whole universe and god hates me i feel so evil worthless and bad worthy of death i feel i am a worthless bug not human at all --am i schizophrenic ???

may i ask what software you use to make this video？？

IDGI: I guessed around 40,000. And considering the distributive property of multiplication, I would've approached it from the small end first, either way.

Kahneman! 🙌🙌🙌

how about the discount tricks?

I'm surprised of how some people say they got 512 or 2250. Where has your maths gone?

@recoveringsoul755

4 жыл бұрын

I was a math major and knew that first number guess was WAY too low, and the 2nd problem is the same as the first. Why even bother guessing again?

Always buy things when they're On Sale. You might then pay the "correct" price!

Does anchoring only apply to math problems - what about people having a non-mathematical concept in their minds which then acts as an anchor? For example some people have the "alien spacecraft" anchor in their minds - when therefore they see a video of a bright light behaving unusually they use that anchor to interpret the light as an alien craft.

@greencm7142

6 жыл бұрын

Well, psychologically bud, anchoring is all about making quick guesses when we don't know the answer. We can become pretty vulnerable when we don't know an answer to something. So when someone knows we don't know the answer, they can present information that can influence our decisions. After we are presented the information- anchoring occurs when we take the FIRST information given to us and use as a cognitive short cut to decisions. Applying this to stereotypes about groups of people: If I was to ask you which group of people are more dangerous? You likely will not know the answer. So, if I give you information on it like for example: White or Black people? And I give these sets of numbers Whites committed 1,450 crimes and Blacks committed 1,451. Anchoring may occur just from only looking at the first bit of information and you will make what you believe to be an educated guess by saying black people are more dangerous because they committed more crime from the information I gave you. But, in truth of social statistics logic; you would be completely wrong. 1450 compared to 1451 in social statistics actually means we don't know which group commits more crime and there's not difference in the real world. Thus, we would conclude that white and black people can be equally dangerous. But, because of anchoring heuristics you would guess a wrong conclusion because you did not want to critically think about the information given to you.

@dot680

5 жыл бұрын

@@greencm7142 bullshit. Your analogy only works when demographics are ignored.

@persiphoneisadude4547

4 жыл бұрын

@@greencm7142 Green Cm In law enforcement Heuristics is used in racial profiling while the "algorithim" is to preform a Police background check. See Heuristics vs algorithim

MSRP = manufacturer's SUGGESTED retail price. Anchors everywhere

ok well at no point did my brain think those would have different answers

Great content, but the audio has a harsh quality to it. Like maybe there's too much noise or data compression? Anybody know what it is?

@schmoborama

7 жыл бұрын

Sounded good to me, and I'm picky about audio - try turning up the size of the video, it's accompanied by better audio - the smallest one always sounds the worst.

1.

I got the answers exactly right. 40320. This shit is easy for me

I guesses like 27.500, a little closer.

girl, I didn't click this video to learn math

😎

Who are the people tested that say the sne equation backwards is less... yes i understand it goes from greatest to least and vice versa but seriously.... pount of feathers and a pound of brick which ways more... come the fudge on

But they’re the same numbers And you get to see all of the numbers before starting to do the math?????

anchorless philosophy

I solved the first math problem in reverse before seeing the second. Guess I'm odd.

A great introduction to the topic except that Ariely has been proven to have done much fraudulent work.

what do you mean human subjects which other subjects do you have that do mathematics ?...i smell a conspricy

@0nlyme430

5 жыл бұрын

Subject usually refer to the animal

Next time I'm buying a car or house I'm going to throw out a ton of random small numbers. Hey, I've had sex 3,000 times in my life! Wow, I can comfortably eat 1,200 calories a day now! Etc.

Here I was thinking this was going to be a discussion of ideologies and worldviews, not how people guess at math problems. LAME.

@schmoborama

7 жыл бұрын

You should watch it again, it's about how your mind works, the math problem was just an example.

@greencm7142

6 жыл бұрын

It has nothing to do with math. It's about another way we engage in short cuts in thinking and decision making.

Religion in a nutshell.

clicking on a philosophy vid, only to find a picture of a school girl ,giving advice. clicked off.