Question

anchoring is a cognitive bias that causes people to rely too heavily on the first piece of information they encounter. in financial decision - making, this can lead to sticking with outdated or irrelevant advice, overvaluing certain investments, or limiting savings potential due to early habits. recognizing anchoring allows individuals to question initial assumptions and make better - informed decisions.
use the drop - down arrow to choose the correct word to complete the sentence.
anchoring can lead to poor financial decisions because individuals often rely too heavily on the drop - down box information they receive, even if it is outdated or irrelevant.

Explanation:

From the given text, it says "Anchoring is a cognitive bias that causes people to rely too heavily on the first piece of information they encounter". So the word that fits in the blank is "first" as it matches the description of anchoring where people rely heavily on the initial (first) information.

Answer:

first