On the Robustness of Anchoring Effects in WTP and WTA Experiments

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On the Robustness of Anchoring Effects in WTP and WTA Experiments

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Title: On the Robustness of Anchoring Effects in WTP and WTA Experiments
Author: Fudenberg, Drew; Levine, David K.; Maniadis, Zacharias

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Citation: 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.
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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 of
anchoring effects.
Published Version: 10.1257/mic.4.2.131
Other Sources: http://scholar.harvard.edu/files/fudenberg/files/on_the_robustness_of_anchoring.pdf
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#LAA
Citable link to this page: http://nrs.harvard.edu/urn-3:HUL.InstRepos:11005333
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