On the Robustness of Anchoring Effects in WTP and WTA Experiments

被引:56
作者
Fudenberg, Drew [1 ]
Levine, David K. [2 ]
Maniadis, Zacharias [3 ,4 ]
机构
[1] Harvard Univ, Dept Econ, Littauer Ctr 310, Cambridge, MA 02138 USA
[2] Washington Univ, Dept Econ, St Louis, MO 63130 USA
[3] Bocconi Univ, Dept Decis Sci, I-20136 Milan, Italy
[4] Bocconi Univ, Carlo F Dondena Ctr, I-20136 Milan, Italy
基金
美国国家科学基金会;
关键词
WILLINGNESS; UTILITY; ACCEPT; PAY;
D O I
10.1257/mic.4.2.131
中图分类号
F [经济];
学科分类号
02 ;
摘要
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)
引用
收藏
页码:131 / 145
页数:15
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