Caravaggio's anchor

Investors not only use psychological anchors to price assets but they also overestimate individual capabilities. ... But the problem does not end here with value anchors. Don Moore, a professor at Carnegie Mellon University, illustrates the generally accepted conclusion that people believe themselves to be better than average, when effects are isolated to common behaviour and abilities, and that people believe themselves to be below average with respect to rare behaviour and uncommon abilities.

Via Business Standard

Read here