. Anchoring Bias:- Relying Too Heavily on Initial Information Anchoring bias takes place when a person relies excessively on the first information he comes across while making a decision. Retirement planning can result in anchoring bias when investment decisions are based on past performances or when the first estimate of the retirement expenses is overly relied upon without revising... https://topcollegesadmission.in/college-list/mbapgdm/bhopal