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Published on: January 21, 2017
A scale distortion theory of anchoring
Shane W Frederick1, Daniel Mochon
1School of Management, Yale University, New Haven, CT 06520, USA. shane.frederick@yale.edu
Anchoring effects primarily alter response scale usage, not stimulus perception, even with objective measures. This scale distortion is specific to the anchor and does not generalize to other related judgments.
Area of Science:
- Cognitive Psychology
- Decision Science
- Behavioral Economics
Background:
- Anchoring bias is a well-documented cognitive phenomenon.
- Previous research often assumes anchors influence stimulus perception directly.
- The precise mechanism of anchoring, especially on objective scales, remains debated.
Purpose of the Study:
- To propose and test a new theory of anchoring as a scale distortion effect.
- To differentiate between representational and response language effects in anchoring.
- To investigate anchoring effects on objective measurement scales.
Main Methods:
- Experimental manipulation of numeric standards (anchors) prior to judgment tasks.
- Utilizing objective scales (e.g., weight, distance) for stimulus evaluation.
- Assessing judgments on both the anchored scale and related, unanchored scales.
Main Results:
- Prior exposure to a numeric standard significantly altered participants' use of the specific response scale.
- This effect was confined to the scale directly influenced by the anchor.
- Anchoring effects did not generalize to conceptually related judgments on similar scales.
Conclusions:
- Anchoring is best understood as a distortion in the utilization of a response scale, not a change in stimulus perception.
- This scale distortion mechanism applies even to objective scales.
- Distinguishing response language effects from representational effects is crucial for understanding anchoring bias.
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