Thinking, Fast and Slow · Daniel Kahneman

The anchoring effect examples

Curated by · reviewed 2026-05-31

The anchoring effect is how the first number you see drags your judgment toward it — even when that number is arbitrary or irrelevant. Examples:

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5 examples of the anchoring effect

  1. The "was $200, now $120" tag

    The crossed-out price is the anchor. $120 feels like a steal next to $200, whether or not the item was ever worth either number.

  2. The first offer in a negotiation

    Whoever names a price first sets the anchor, and the final deal usually lands closer to it than to where the other side would have started.

  3. Restaurant menu "decoy"

    A $90 dish makes the $45 mains look reasonable — the expensive option isn't there to sell; it's there to anchor.

  4. "Limit 12 per customer"

    Just seeing the number 12 nudges shoppers to buy more than they would with no limit at all.

  5. Asking salary expectations

    The first figure mentioned anchors the whole conversation, which is why naming a number too low can quietly cost you for years.

How to spot it in yourself

You'll forget most of this by next week.

That's just how memory works. Lock the anchoring effect in with a 5-minute active-recall session — spaced repetition, no signup.

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