abilities are on average less biased toward the anchor when task complexity is high. The anchoring bias in our repeated game is … forecasts, are increasingly explained as resulting from the anchoring heuristic. Nonetheless, the classical anchoring … laboratory evidence for anchoring effects. Comprising more than 5,000 individual forecasts by 455 participants, our study shows …

responses across asset classes around US data announcements. We find that the skewness of the distribution of economic forecasts … is a strong predictor of economic surprises, suggesting that forecasters behave strategically (rational bias) and possess … private information. Our results also show that consensus forecasts of US macroeconomic releases embed anchoring. Under these …

We investigate how the anchoring effect-a well-established cognitive bias-influences the full distribution of … subjective beliefs. While prior research extensively examines the impact of anchoring and other biases on point estimates, their … effect on higher moments of the distribution remains unexplored. Through a pre-registered online experiment (N=732), we find …

Do institutions and culture affect environmental values? In this article we analyze 1,041 environmental valuations of … wetland valuations. Understanding these important and varying effects of institutions and culture on wetland valuations is …