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 … that anchoring impacts the mean, variance, and skewness of belief distributions. Notably, the anchoring effect diminishes …

We test whether anchoring affects people's elicited valuations for a bottle of wine in individual decision making and …-To-Accept shrinks within trading groups. Our evidence supports the idea that markets have the potential to diminish anchoring effects …. However, the market is not needed: our anchoring manipulation failed in a large sample. …

This paper examines the anchoring of inflation expectations in the euro area based on data from the Survey of …

, possibly because of a strong anchoring effect. These findings indicate that behavioral interventions can affect civil servants …

eight behavioural biases exhibited by the investors such as mental accounting, anchoring, gambler's fallacy, availability …

(i) reviewing the nature and behaviour of inflation expectations, with a focus on the degree of anchoring, and (ii … has been on surveys of professional forecasters and on market-based indicators.Regarding the anchoring of inflation … expectations, (ii) a comprehensive framework for assessing (un)anchoring and (iii) further considerations regarding the use of …

affects trade between buyers and sellers. For bilateral trade, the literature has identified efficiency, anchoring, and … granularity effects of cheap-talk communication on negotiation outcomes. Our results show that most of these effects survive with … bargaining and in competition; (ii) Competition reduces the informativeness of the price requests and weakens the anchoring …