On the Robustness of Anchoring Effects in WTP and WTA Experiments

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Fudenberg, Drew; Levine, David K.; Maniadis, Zacharias;
  • Publisher: American Economic Association
  • Journal: American Economic Journal: Microeconomics,volume 4,issue 2 May,pages131-45
  • Related identifiers: doi: 10.1257/mic.4.2.131
  • Subject:
    • jel: jel:D44 | jel:D12 | jel:C91

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 ... View more
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