Talk about anchoring (from the New York Times talking about when to retire): “In 1881, the conservative German Chancellor Otto von Bismarck, plagued by a rise in socialist ideology, proposed a national retirement benefit to appease the leftist masses. He set the retirement age at 70. Average life expectancy at the time? About 40 years.” []

The lesson? When you introduce a new idea, think carefully about where you are anchoring things.

Originally posted on 2023-04-24 at 22:13 via