Everything I’m not made me everything I am.
What is anchoring bias?
Simply put, anchors are references.
The order of these references affect your choices.
When you see your anchors, you can influence them.
This post will teach you how to recognize your anchors. By the time you finishing reading, you’ll know where to shift them.
Now here comes the good part.
How Anchoring Bias Affects Your Life
Anchors are both mental and physical.
- People you know
- Products you buy
- Places you frequent
They represent your cognitive map.
Anchors affect your life because they determine your sense of “normal”. (Water to your fish)
You can never see past the choices you don’t understand.
Every major anchor has habits, connections, and choices revolving around it. People have a tendency to limit themselves to what they know. If your anchors are limited, so is your world.
When an anchor changes, so does your life.
What This Means For You
Anchors apply to everything. (Lifestyle, persuasion, financial freedom).
We understand by comparing. Reality is contextual.
The bad helps you appreciate the good, doesn’t it?
As you’ve realized, you recognize yourself by your references. Only through contrast can you find out who you actually are. Your best self is found by putting your life into the right context.
Always be mindful of the things that make up your identity.
— Carl Aristotle (@Blacklabellogic) May 6, 2016
This is why small tweaks to big blocks lead to massive changes.
- Avoiding losers gives you more energy
- High-value skills attract a higher salary
- Hitting the gym helps you meet other winners
You see, releasing an anchor reveals a hidden menu of options.
Anchors come with networks, and networks lead to anchors. In fact, many “friendships” result out of convenience. This is why it’s best to rely on yourself as your own anchor.
Anything with lots of leverage is an anchor. (Parasite-Host relationship comes to mind).
Take a moment to go over your references. Observe every pillar as a hub of attraction. Once you’ve identified your anchors, you can plan shifts to make better ones.
What will you need to change to attain your desired lifestyle?
How To Shift Anchors
Awareness of your anchors limits their influence. However, the only way to shift your anchors is to break homeostasis. It’s also important to invest in a strong presence of mind.
Anchors explain why growth feels difficult. It’s about overcoming mental limitations. Those invested in your anchors might resist as well.
Self-worth allows you to create your own script via risk. The top requirement is *consistency*.
The only way to be free is to build your own anchors.
The honest truth is, they’re somewhere out there in the unknown. To find them, use principles, strategies, and concepts as a guide. A path will emerge.
Take your daily steps until you encounter new breakthroughs.
It’s important to be aware of the drawbacks.
Taking this path may force you to leave some things behind.
Many never leave due to this pressure. (See why they call it an “anchor”?)
An example of this is lifestyle inflation. Always evaluate whether the juice is worth the squeeze. Are you locked into a role at the expense of other things?
Choices arise out of values. They determine your priorities. Preferences are revealed through habits and actions.
People make “irrational” decisions because anchors carry hidden benefits. This is why they stay in damaging situations.
If you stop playing a vital role within someone’s story, they’ll get angry. This tears a gaping hole into their world. However, the vacuum soon fills itself with something else.
Everything finds balance.
Anchors are references.
They define your life.
Everything is understood through context. Every anchor serves as a hub.
Small anchors lead to a limited life. To expand your anchors, use principles to take risk.
By shifting an anchor, you shift its attachments (2nd and 3rd order consequences).