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LSDefine

Simple English definitions for legal terms

anchoring

Read a random definition: aggravate

A quick definition of anchoring:

Anchoring: In negotiations, anchoring means that people tend to give too much importance to the first number or value that is presented, and then don't adjust enough from it. This can be used as a strategy to influence the negotiation in one's favor. For example, if someone wants a salary of $80,000 but is offered $30,000, they may end up settling for $55,000 because of the initial low offer. This effect can also be used in courtrooms to influence judges and juries.

A more thorough explanation:

In negotiations, "anchoring" means giving too much importance to the first value or number presented and not adjusting it enough. This is called the "anchoring bias" and is often used as a negotiating strategy. By setting a "anchor," negotiators can frame the negotiation to their advantage.

Person A wants a salary of $80,000. In the negotiation, Person B offers $30,000 as the initial salary. Due to the anchor, Person A may counter with $55,000, which is still far less than what they originally hoped for.

The anchoring effect can also be used in the courtroom on juries and judges.

In a trial, the prosecution may present a high number for damages, which becomes the anchor. The defense may then have a harder time presenting a lower number, even if it is more reasonable.

These examples illustrate how anchoring can influence negotiations and decision-making, leading to potentially unfair outcomes.

anchor | ancient document rule

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join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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