Correction, uncertainty, and anchoring effects

We compare the predictions of two important proposals made by De Neys to findings in the anchoring effect literature. Evidence for an anchoring-and-adjustment heuristic supports his proposal that system 1 and system 2 are non-exclusive. The relationship between psychophysical noise and anchoring eff...

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Bibliographic Details
Published inThe Behavioral and brain sciences Vol. 46; p. e129
Main Authors Lee, Chang-Yuan, Morewedge, Carey K
Format Journal Article
LanguageEnglish
Published England Cambridge University Press 18.07.2023
Subjects
Arrays
Calories
Estimates
Heuristic
Influence
Mars
Psychophysics
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Summary:We compare the predictions of two important proposals made by De Neys to findings in the anchoring effect literature. Evidence for an anchoring-and-adjustment heuristic supports his proposal that system 1 and system 2 are non-exclusive. The relationship between psychophysical noise and anchoring effects, however, challenges his proposal that epistemic uncertainty determines the involvement of system 2 corrective processes in judgment.
Bibliography:ObjectType-Article-1
SourceType-Scholarly Journals-1
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content type line 23
ISSN:0140-525X
1469-1825
DOI:10.1017/S0140525X2200303X