A literature review of the anchoring effect.¶
Furnham, A., & Boo, H. C. (2011). A literature review of the anchoring effect. The Journal of Socio-Economics, 40(1), 35-42.
Cited by¶
1 citation across 1 artifact.
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Primes¶
- Anchoring
- The effect appears robust across domains (negotiation, pricing, judicial sentencing, medical diagnosis, real-estate appraisal), resistant to expertise (judges, appraisers, and clinicians show anchoring comparable to novices), and difficult to debias even when participants are warned.
This sourceComprehensive review documenting anchoring's robustness across pricing, negotiation, medical, legal, and estimation domains and its resistance to debiasing.
- The effect appears robust across domains (negotiation, pricing, judicial sentencing, medical diagnosis, real-estate appraisal), resistant to expertise (judges, appraisers, and clinicians show anchoring comparable to novices), and difficult to debias even when participants are warned.
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