Applied Behavioral Economics Rule of Thumb #5: Recognize the Possibilities and Perils of Anchors
Steve Shu Consulting
JANUARY 18, 2023
Do it the right way (based on the design of the boat), you can keep your boat roughly confined to an area. Do it the wrong way, and you could flood, capsize, or sink your boat. People who were first asked about the 180-foot anchor guessed the tallest redwood to be 282 feet high. When the anchor is up (e.g.,
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