This article presents an experimental evidence of the anchoring effect for people's valuations of different items. We show that people who were given both retail and wholesale prices of the item bid less aggressively than people who were given the retail price only.
According to the traditional economics, the price that a person is willing to pay for an item should...
Exposing consumers to extreme prices can influence the price they are willing to pay for both relate...
Stemming from an experiment by Tversky and Kahneman (1974), anchoring effect means that the result o...
We investigate the effects of a range of different types of anchor on WTP and WTA valuations of fami...
We test whether anchoring affects people’s elicited valuations for a bottle of wine in individual de...
<p>Abstract copyright data collection owner.</p>Data showing the effects of a range of different typ...
Auctioning goods is a widespread practice, particularly in the agricultural sector. The out-come of ...
This article will discuss some aspects of the well-known behavioral pattern in decision making; the ...
This article explores the influence of seemingly incidental numbers on willingness to pay as a funct...
This paper investigates implications of some of the well established behavioral biases to the behavi...
We elicit willingness to pay for different types of consumption goods, systematically manipulating i...
Anchoring is a well-known decision-making bias: original guesses for a certain question could act as...
This paper shows that the price of a painting sold at an art auction and the experts' pre-sale valua...
There is a large literature in behavioral economics contradicting the empirical prediction of ration...
Anchoring is considered one of the most robust psychological phenomena in judgment and decision-maki...
According to the traditional economics, the price that a person is willing to pay for an item should...
Exposing consumers to extreme prices can influence the price they are willing to pay for both relate...
Stemming from an experiment by Tversky and Kahneman (1974), anchoring effect means that the result o...
We investigate the effects of a range of different types of anchor on WTP and WTA valuations of fami...
We test whether anchoring affects people’s elicited valuations for a bottle of wine in individual de...
<p>Abstract copyright data collection owner.</p>Data showing the effects of a range of different typ...
Auctioning goods is a widespread practice, particularly in the agricultural sector. The out-come of ...
This article will discuss some aspects of the well-known behavioral pattern in decision making; the ...
This article explores the influence of seemingly incidental numbers on willingness to pay as a funct...
This paper investigates implications of some of the well established behavioral biases to the behavi...
We elicit willingness to pay for different types of consumption goods, systematically manipulating i...
Anchoring is a well-known decision-making bias: original guesses for a certain question could act as...
This paper shows that the price of a painting sold at an art auction and the experts' pre-sale valua...
There is a large literature in behavioral economics contradicting the empirical prediction of ration...
Anchoring is considered one of the most robust psychological phenomena in judgment and decision-maki...
According to the traditional economics, the price that a person is willing to pay for an item should...
Exposing consumers to extreme prices can influence the price they are willing to pay for both relate...
Stemming from an experiment by Tversky and Kahneman (1974), anchoring effect means that the result o...
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