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On the Robustness of Anchoring Effects in WTP and WTA Experiments
Drew Fudenberg David K. Levine and
, 2012, vol. 4, issue 2, pages 131-45
American Economic Journal: Microeconomics 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)
JEL-codes: C91 D12 D44 (search for similar items in EconPapers)
Note: DOI: 10.1257/mic.4.2.131
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