house prices, these 2-year and 9-years highs might be relevant.

In behavioral finance, anchoring has been observed in stock-purchase decisions. A study found that when using an app-based stock brokerage, an investor's first stock purchase price serves as an anchor for future stock purchases. The findings indicate that when investors start by making only a small stock purchase, they end up with less accumulated investments in the long run.

Characteristics

Difficulty of avoiding

Various studies have shown that

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