Anchoring is a cognitive bias that skews your judgments based on the first piece of information you see. Whether in negotiations, medicine, or everyday choices, this bias influences even the smartest minds. <br/>

Nov.20 -- Qualcomm Inc. investors want at least $10 more than the $70-a-share Broadcom Ltd. is offering. If history is any guide, they might get partway there. Bloomberg's Ed Hammond reports on "Bloomberg Markets."