It's education, not gender: A research note on the determinants of an anchoring bias in experimental WTA elicitations

Miriam Beblo (), Denis Beninger and Eva Markowsky
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Miriam Beblo: Universität Hamburg
Denis Beninger: Université de Strasbourg

Journal of Behavioral Economics for Policy, 2017, vol. 1, issue 2, 51-55

Abstract: We study anchoring in an experiment with non-standard participants and find evidence that the influence of the anchor value differs by individual characteristics. Participants with lower levels of education and less labor market experience show a significantly larger anchoring bias in their wage demands for a work task. Gender differences in anchoring are due to gender-specific education and employment patterns -contributing a further channel to a persistent gender pay gap.

Keywords: anchoring bias; gender; willingness-to-accept; second-price auction (search for similar items in EconPapers)
JEL-codes: D31 D44 J16 J31 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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