On the Robustness of Anchoring Effects in WTP and WTA Experiments
Published Version
https://doi.org/10.1257/mic.4.2.131Metadata
Show full item recordCitation
Drew Fudenberg, David K. Levine, and Zacharias Maniadis. On the robustness of anchoring effects in WTP and WTA experiments. American Economic Journal: Microeconomics 2(2012): 131-145.Abstract
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 ofanchoring effects.
Terms of Use
This article is made available under the terms and conditions applicable to Other Posted Material, as set forth at http://nrs.harvard.edu/urn-3:HUL.InstRepos:dash.current.terms-of-use#LAACitable link to this page
http://nrs.harvard.edu/urn-3:HUL.InstRepos:11005333
Collections
- FAS Scholarly Articles [18292]
Contact administrator regarding this item (to report mistakes or request changes)