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COMET III: Lesson 3- The Anchoring Effect

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    The Anchoring Effect
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  • Which food is the cheapest in the main course?
    cheese sandwich
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  • What is the cheapest item on the menu?
    iced tea
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  • What food will you order from the appetizer?
    Nice!
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  • What is your favorite drink on the menu?
    Nice!
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  • What is the most expensive food on the menu?
    cheeseburger
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  • What is the anchoring effect?
    When you buy something expensive.
    When you see the first price, it affects your decision.
    When you see many prices, you get confused.
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  • What is an anchor?
    A tool for stopping a ship.
    A kind of food.
    A type of store.
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  • What does the first price do in the anchoring effect?
    It makes you ignore the price.
    It makes you think carefully.
    It makes you focus on it.
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  • What happens when you see a big discount?
    You don't buy it.
    You think it is a good deal.
    You think it is too cheap.
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  • decision / your / change / can / effect / the
    The effect can change your decision.
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  • anchor / see / you / first / when / the
    When you see the first anchor.
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  • high / first / price / the / is
    The first price is high.
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  • food / looks / not / cheap / is / but
    Food looks cheap but is not.
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  • You see a hairdryer discounted from ¥20,000 to ¥10,000. How do you feel?
    ¥10,000 feels expensive.
    ¥10,000 feels cheap.
    Same as before.
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  • You see a ¥7,000 steak and a ¥4,000 pasta. Which is cheaper?
    The pasta.
    Both are the same.
    The steak.
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  • Why does a restaurant list expensive meals first?
    To confuse people.
    To sell expensive meals.
    To make other meals look cheap.
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