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Behav Finance - confused with Difference bw Anchoring and Adjustment and Conservatism


Hi,

Difference bw Anchoring and Adjustment and Conservatism


Anchoring and Adjustment - is sticking to original forecast - gtg attached to it. O/wtg old info and U/wtg new info and its an Information Processing Bias.
In a case in exam, will a certain number be given to distinguish bw the two biases. 'Impact' example would be: believing current mkt downfall will continue

Conservatism - Maintaining prior views by failing to incorporate new info. Its a Belief Perseverance Bias.
Unconsciously O/wtg original forecasts and U/wtg new info - 'Impact' example: holding on too long to an investment that has poor outlook (isnt this the same as Anchoring ??)

Thanks a lot for your comments !
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