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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
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Working Paper: On the Robustness of Anchoring Effects in WTP and WTA Experiments (2012) Downloads
Working Paper: On the Robustness of Anchoring Effects in WTP and WTA Experiments (2010) Downloads
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