Today's post, Anchoring and Adjustment was originally published on 07 September 2007. A summary (taken from the LW wiki):

Exposure to numbers affects guesses on estimation problems by anchoring your mind to an given estimate, even if it's wildly off base. Be aware of the effect random numbers have on your estimation ability.

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This post is part of the Rerunning the Sequences series, where we'll be going through Eliezer Yudkowsky's old posts in order so that people who are interested can (re-)read and discuss them. The previous post was Why is the Future So Absurd?, and you can use the sequence_reruns tag or rss feed to follow the rest of the series.

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