This refers to a tendency for people in making quantitative judgments to subconsciously have their judgments anchored by some arbitrary stimulus.

指的是,人们在做定量估测时,会受外界影响,将某些特定数值作为起始值,而起始值像锚一样制约着估测值

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The point of anchoring is that you are subconsciously influenced by numbers and it affects your judgment; you think you know.

锚定效应的意义在于,人在潜意识里被数字影响,并且会影响决策,你以为你会知道答案

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It's just tonic or maybe throwing an anchor overboard to bring this ship to an end-- whatever sort of analogy or visual imagine you want to bring to it, but it's--the piece has ended.

它是这样，主音或者说放锚让船停下来-,无论是怎样的意境你都会感觉到，但是，这段乐曲结束了。

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People might give that a low probability because it had never been over 10,000, so they just had no psychological anchoring on that number.

人们也许会认为几率不大,因为道指从未突破万点,所以人们心理对这个数字没有锚定效应

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I mentioned overconfidence last period; we then tend to have overconfidence in our anchored judgments.

上节课曾提到过度自信,人们在锚定效应影响下会过度自信

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And that's Kahneman and Tversky again and it's related to anchoring in some sense.

这也是卡尼曼和特维斯基的理论,在某种程度上和锚定效应也有联系

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Once it passes 2000, then it seems completely natural; that's anchoring.

而在2000年之后,突破万点便极有可能,这就是锚定效应

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Three is anchoring.

第三,锚定效应

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The classic experiment that demonstrated anchoring was Kahneman and Tversky--I'm writing K&T -in a wheel of fortune experiment, which they did in 1974.

一个阐述锚定效应的经典实验是,卡尼曼和特维斯基...我用K&T来表示,他们在1974年做了幸运轮盘实验

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