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VISUALIZATION OF ECONOMIC DATA AS A TOOL FOR OVERCOMING THE BEHAVIORAL DISTORTION “ANCHORING BIAS”
Journal: International scientific journal "Internauka." Series: "Economic Sciences" (Vol.1, No. 93)Publication Date: 2025-01-31
Authors : Markovych Iryna;
Page : 64-69
Keywords : visualization; behavioral economics; data analysis; cognitive bias; anchoring biast;
Source : Download Find it from : Google Scholar
Abstract
Visualization of economic data plays a key role in modern analysis and decision-making. However, cognitive biases, in particular the anchoring bias, can distort the perception of information, forcing subjects to rely on the initial data, even when they are outdated or irrelevant. This can lead to erroneous forecasts and suboptimal management decisions.
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Last modified: 2025-08-26 20:41:12