On the Robustness of Anchoring Effects in WTP and WTA Experiments
David Levine () and
Scholarly Articles from Harvard University Department of Economics
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.
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Published in American Economic Journal: Macroeconomics
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Journal Article: 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)
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Persistent link: https://EconPapers.repec.org/RePEc:hrv:faseco:11005333
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