Fudenberg, Drew; Levine, David K.; Maniadis, Zacharias - "Carlo F. Dondena" Centre for Research on Social … - 2010
The assumption that people make decisions based on a constant set of preferences, so that choices should not depend on context-specific cues (anchors), is one of the cornerstones of economic theory. We reexamined the effects of an anchoring manipulation on the valuation of common market goods...