Student Solution

-->

"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

1 University

1 Course

1 Subject

Article Response 5_Introduction to Psychology

Article Response 5_Introduction to Psychology

Q 1. Summarize all the main points of this article. 2. Give your personal reaction to what you read. SN News Online. Anchoring Will Save You Money Julie Compton 8/19

View Related Questions

Solution Preview

One could learn to value money or one could learn to save it, but whatever path is chosen, the intention is to ensure that money earned is respected and not wasted in any way. The basic strategy to respect and save money is to put imaginary anchors on them, as doing so will ensure that there are limits which are not exceeded and in the meanwhile, money can be saved substantially. The author discusses that the market strategies and the target efforts of the sales pitch are focused on making customers believe that there are greater needs and it is they who set forth the anchors to create the limits for people, but that isn’t the real anchor.