On the Robustness of Anchoring Effects in WTP and WTA Experiments

We reexamine the effects of the anchoring manipulation of Ariely, Loewenstein, and Prelec (2003) on the evaluation of common market goods and find very weak anchoring effects. We perform the same manipulation on the evaluation of binary lotteries, and find no anchoring effects at all. This suggests limits on the robustness of anchoring effects.

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Year of publication:	2012
Authors:	Maniadis, Zacharias ; Levine, David K. ; Fudenberg, Drew
Institutions:	Department of Economics, Harvard University

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Extent:	application/pdf
Series:	Scholarly Articles.
Type of publication:	Book / Working Paper
Notes:	Published in American Economic Journal: Macroeconomics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010859225