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Identify the anchor
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Seek alternative perspectives
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Adjust your thinking
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Test your solutions
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Reflect on your process
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Practice regularly
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Here’s what else to consider
Anchoring bias is a cognitive bias that makes you rely too much on the first piece of information you receive when making a decision or solving a problem. It can affect your creativity, accuracy, and efficiency in various situations, such as negotiating, estimating, or brainstorming. How can you prevent anchoring bias and improve your creative problem solving skills? Here are some tips to help you.
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- Rathindra Nath Biswas B.Tech - Automobile Engineering | Ex-OLA | Ex-Ford Motor Company | Fleet Operation | Operation Management | Process…
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1 Identify the anchor
The first step to prevent anchoring bias is to recognize when you are exposed to an anchor that might influence your judgment. This could be a number, a word, a suggestion, or a previous experience that sets a reference point for your thinking. For example, if you are asked to guess the population of a city, you might be anchored by the first number that comes to your mind or that you hear from someone else. To identify the anchor, ask yourself what information you are using as a basis for your decision or solution, and where it came from.
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- Rathindra Nath Biswas B.Tech - Automobile Engineering | Ex-OLA | Ex-Ford Motor Company | Fleet Operation | Operation Management | Process Streamlining | Cost Optimization | Vehicle maintenance and Quality assurance | Spreadsheets | Power BI
A good Analytical mind can avoid anchor biasing. You need to wait till you are fully sure about your decision rather make a little delay in decision making than acquire a loss. ask yourself what is the base of your decision.Like if in an online platform you get a product priced straight 100 dollars or another seller has the same product written 500 but discounted to 110 dollars most people will buy the latter. again if one product in two seller one has priced at 60 dollar one with free delivery and one seller have the same product priced 50 dollar but delivery charge is 20 dollar most people will take the latter one.Think and think twice that's the easiest way to avoid anchor biasing.
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2 Seek alternative perspectives
The second step to prevent anchoring bias is to seek out different perspectives that might challenge or expand your view of the problem or situation. This could involve asking for feedback, researching other sources, or exploring diverse options. For example, if you are brainstorming ideas for a new product, you might be anchored by the existing features or competitors in the market. To seek alternative perspectives, ask yourself what other possibilities or angles you might be missing or overlooking.
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3 Adjust your thinking
The third step to prevent anchoring bias is to adjust your thinking based on the new information or insights you have gathered. This could involve revising your assumptions, updating your estimates, or generating new ideas. For example, if you are negotiating a salary, you might be anchored by the initial offer or your current income. To adjust your thinking, ask yourself what factors or criteria you should consider to make a fair and realistic evaluation.
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4 Test your solutions
The fourth step to prevent anchoring bias is to test your solutions against the actual problem or situation. This could involve experimenting, prototyping, or validating your ideas with data or feedback. For example, if you are designing a website, you might be anchored by the first layout or color scheme you create. To test your solutions, ask yourself how well they meet the needs and expectations of your users or customers.
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5 Reflect on your process
The fifth step to prevent anchoring bias is to reflect on your process and learn from your experience. This could involve reviewing your goals, outcomes, and challenges, and identifying what worked well and what could be improved. For example, if you are solving a puzzle, you might be anchored by the first strategy or clue you follow. To reflect on your process, ask yourself what you learned from the problem and how you can apply it to future situations.
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6 Practice regularly
The sixth and final step to prevent anchoring bias is to practice regularly and develop your creative problem solving skills. This could involve exposing yourself to different types of problems, situations, and domains, and challenging yourself to think critically and creatively. For example, you could try solving riddles, playing games, or taking courses that stimulate your mind and imagination. To practice regularly, ask yourself how you can make creative problem solving a habit and a fun activity.
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7 Here’s what else to consider
This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?
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I would also consider to be skeptical of the first piece of information you are given. Just because it is the first piece of information does not mean it is the most accurate.Take a break before making a decision. This will give you time to clear your head and to think more objectively.Talk to someone you trust about the decision. This can help you to get a different perspective and to avoid being influenced by your own biases.
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