On the Robustness of Anchoring Effects in WTP and WTA Experiments

Drew Fudenberg, David Levine and Zacharias Maniadis

American Economic Journal: Microeconomics, 2012, vol. 4, issue 2, 131-45

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)
Date: 2012
Note: DOI: 10.1257/mic.4.2.131
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (54)

Downloads: (external link)
http://www.aeaweb.org/articles.php?doi=10.1257/mic.4.2.131 (application/pdf)
http://www.aeaweb.org/aej/mic/data/2011-0055_data.zip (application/zip)
Access to full text is restricted to AEA members and institutional subscribers.

Related works:
Working Paper: On the Robustness of Anchoring Effects in WTP and WTA Experiments (2012)
Working Paper: On the Robustness of Anchoring Effects in WTP and WTA Experiments (2010)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aea:aejmic:v:4:y:2012:i:2:p:131-45

Ordering information: This journal article can be ordered from
https://www.aeaweb.org/journals/subscriptions

Access Statistics for this article

American Economic Journal: Microeconomics is currently edited by Johannes Hörner

More articles in American Economic Journal: Microeconomics from American Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Michael P. Albert ().