Precommitment beats reinterpretation.
| Concept | Explanation | |---|---| | Anchoring | Relying excessively on entry price, prior high, or analyst target. | | Confirmation bias | Seeking information that supports the existing view. | | Thesis drift | Changing the rationale after original evidence fails. | | Sunk-cost bias | Past time or money affects a forward-looking decision. | | Precommitment | Writing decision rules before emotional pressure rises. |