Anchoring Effects in the Elicitation of Multidimensional Beliefs. Evidence from a Representative Survey Experiment

Philipp Lergetporer (), Thomas Rittmansberger (), Katharina Werner () and Helen Zeidler ()
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Philipp Lergetporer: Technical University of Munich, TUM School of Management, Campus Heilbronn & ifo Institute
Thomas Rittmansberger: Technical University of Munich, TUM School of Management
Katharina Werner: Pforzheim University, CESifo & IZA
Helen Zeidler: Technical University of Munich, TUM School of Management, Campus Heilbronn

Munich Papers in Political Economy from Munich School of Politics and Public Policy and the School of Management at the Technical University of Munich

Abstract: We study anchoring effects in the elicitation of multidimensional beliefs within a single survey task using a representative sample of the German voting-age population. Respondents estimated governmentspending levels across several domains (e.g., education, defense, social security), with randomized exposure to different informational anchors in one domain. Anchors significantly influence elicited beliefs in related domains and partially also shift respondents’ policy preferences. While the anchors change absolute estimates, perceived government-spending rankings remain stable. These findings offer methodological guidance for survey design involving multidimensional belief elicitation in informationprovision experiments.

Keywords: Anchoring; experiment; beliefs; survey; government spending (search for similar items in EconPapers)
JEL-codes: C83 C90 D83 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2025-06
New Economics Papers: this item is included in nep-dcm and nep-exp
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Persistent link: https://EconPapers.repec.org/RePEc:aiw:wpaper:42

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