I Thought 'Anchoring' Was For Boats

As it turns out, the term 'Anchoring' is used to describe a certain logical flaw (or bias) in the way we interpret data. Danny Gray over at The Leafs Nation has a good example:

There is a moment during the Ronco Showtime Rotisserie Informercial that you begin to worry about Ron Popeil. He tells us that "this machine should sell for over $400". But, "you’re not going to spend $400 for it, not $375 or $350. Not $325 or even $300". By the time he gets down to $200 you assume that he’s selling these at a substantial loss, what kind of trouble has Ron gotten himself into? He’s saying you can buy a $400 device that can simultaneously roast 4 chickens for only "4 easy monthly payments of $39.95"; you’d be stupid not too! You just fell victim to the cognitive bias known as Anchoring.

So what does this mean for us as Leafs fans? Read on to find out. (The above photo is a pretty good hint.)

Leafs Links:

Visual History of Tim Connolly's Injuries
There are a lot of arrows in this image. From Jon S., at Puckin' Eh.

Kris Draper: What a fine career
Michael Langlois over at VLM wishes that Draper had been a Leaf at some point.

NHL Defenseman
Is there a lesson to be learned from the career of Jason Smith and others like him? Lowetide thinks there are a couple. A quasi-Leafs-related link.

Other Hockey Links:

Bettman's salary tops $7.5-million
NHL commissioner's pay has more than doubled since the lockout, according to a SportsBusiness Journal report. From James Mirtle at the Globe.

Looking ahead to 2011-12: Ranking the NHL’s top 25 centers
Nothing starts a pissing contest like a numbered ranking system, based largely on the opinion of one person. From Sam McCraig at PD.

Rangers re-sign Steve Eminger
2-way deal, no mention of cap hit. From the CP at the Globe. (Cap Geek has him penciled in for 800k while he's with the Rangers.)

Report: Kris Draper to announce retirement
It won't be made official until a press conference scheduled for later on today, but if the AP is reporting it at the Globe, it's as good as done.

 

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