The primacy effect is a psychological phenomenon in which people tend to remember and give more weight to information that is presented at the beginning of a list or sequence. This can happen because people tend to pay more attention to information that is presented at the beginning, and may be more likely to remember it. The primacy effect can lead to errors in judgment and decision-making, as it can cause people to rely too heavily on information that is presented at the beginning, and to overlook or underestimate the importance of information that is presented later in the sequence. To avoid the primacy effect, it is important to carefully evaluate all of the information that is presented, and to consider the relevance and importance of each piece of information rather than its position in the sequence. This can help us to make more balanced and informed decisions, and to avoid being influenced by the order in which information is presented.
What is The Primacy Effect In Behavioral Economics?
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BEHAVIORAL SCIENCE GLOSSARY