On the Robustness of Anchoring Effects in WTP and WTA Experiments
Levine, David K.
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CitationDrew 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.
AbstractWe 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
Citable link to this pagehttp://nrs.harvard.edu/urn-3:HUL.InstRepos:11005333
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