The First Anchor Wins
“How about $1,200?”
“No, that’s too much.”
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But something has already happened.
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Even though you said “too much,”
your mind is already working around that number.
$1,000?
Maybe $900?
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You’re no longer thinking:
what should this actually be?
You’re thinking:
how far away from $1,200?
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That’s the anchoring effect.
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Experienced negotiators know this.
They don’t react to the first number.
They step back and ask:
what is this actually worth?
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And this shows up at work too.
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I’ve seen many technical projects — refactors, redeployments — initially described as “about a week of work.”
But once someone goes into the details, it turns out to be a few hours.
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The first estimate wasn’t wrong on purpose.
It was just a quick starting point.
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But if no one challenges it,
the thinking stays at that level.
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That’s the challenge for a technical manager:
Go into the details.
Understand what’s actually there.
Don’t let the first estimate anchor your judgment.
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Even if you question the estimate,
you might still be thinking around it.
That’s the anchoring effect.