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.

Type

Journal article

Intellectual base

Review or monograph

Year

2011

DOI

10.1016/j.socec.2010.10.008

Link

https://doi.org/10.1016/j.socec.2010.10.008

Cited from

psychology

Cited by

1 citation across 1 artifact.

Each citation links to the sentence it supports in the citing article.

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.

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Registry ID ref:8294a5b6d6bb · see in the full table