noun
Definition: The act of fixing or securing something in place, often used in psychology to describe how initial information influences subsequent judgments or decisions.
Example: The anchoring effect can lead people to make biased decisions based on the first piece of information they receive.
verb
Definition: To secure or fix something in place, often using a device or method that prevents movement.
Example: The team is anchoring the boat to the dock to keep it from drifting away.