On the Robustness of Anchoring Effects in WTP and WTA Experiments

B-Tier

Journal: American Economic Journal: Microeconomics

Year: 2012

Volume: 4

Issue: 2

Pages: 131-45

Authors (3)

Drew Fudenberg (Massachusetts Institute of Tec...) David K. Levine (Washington University in St. L...) Zacharias Maniadis (University of Southampton)

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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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. (JEL C91, D12, D44)

On the Robustness of Anchoring Effects in WTP and WTA Experiments

Authors (3)

Abstract

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