anchoring phenomenon in financial decision-making. We find that contestants anchor heavily on the initial dollar value of a clue … in their wagering decision, even though there exists no rational reason to do so. More than half of all wagers occur … manifests itself among college students. Overall, our findings suggest anchoring plays a substantial role in financial decision …

Economic small group research points to groups as more rational decision-makers in numerous economic situations … economic contexts dominated by group decision-making might be questioned. We consider the case of anchoring as a prime example … for predominantly intellective tasks, yet fails to improve decision-making when judgmental aspects are involved. …

Economic small group research points to groups as more rational decision-makers in numerous economic situations … economic contexts dominated by group decision-making might be questioned. We consider the case of anchoring as a prime example …