{"id":"https://openalex.org/W3083476447","doi":"https://doi.org/10.46291/ijospervol7iss3pp608-629","title":"Anchoring Effect as A Cognitive Bias: An Example of a Classroom Experiment","display_name":"Anchoring Effect as A Cognitive Bias: An Example of a Classroom Experiment","publication_year":2020,"publication_date":"2020-09-03","ids":{"openalex":"https://openalex.org/W3083476447","doi":"https://doi.org/10.46291/ijospervol7iss3pp608-629","mag":"3083476447"},"language":"en","primary_location":{"id":"doi:10.46291/ijospervol7iss3pp608-629","doi":"https://doi.org/10.46291/ijospervol7iss3pp608-629","is_oa":true,"landing_page_url":"https://doi.org/10.46291/ijospervol7iss3pp608-629","pdf_url":"https://ijosper.uk/index.php/i/article/download/88/96","source":{"id":"https://openalex.org/S4210239402","display_name":"International Journal of Social Political and Economic Research","issn_l":"2667-8810","issn":["2667-8810"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Social, Political and Economic Research","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://ijosper.uk/index.php/i/article/download/88/96","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5051164861","display_name":"Mehmet Sevgin","orcid":"https://orcid.org/0000-0003-2167-6838","observed_orcids":["https://orcid.org/0000-0003-2167-6838"]},"institutions":[{"id":"https://openalex.org/I219388962","display_name":"University of Wroc\u0142aw","ror":"https://ror.org/00yae6e25","country_code":"PL","type":"education","lineage":["https://openalex.org/I219388962"]}],"countries":["PL"],"is_corresponding":true,"raw_author_name":"Mehmet SEVGIN","raw_affiliation_strings":["University of Wroclaw, Ph.D. Student in Political and Administrative Sciences. sevgin.mehmet92@gmail.com ORCID: 0000-0003-2167-6838"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Wroclaw, Ph.D. Student in Political and Administrative Sciences. sevgin.mehmet92@gmail.com ORCID: 0000-0003-2167-6838","institution_ids":["https://openalex.org/I219388962"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5051164861"],"corresponding_institution_ids":["https://openalex.org/I219388962"],"apc_list":null,"apc_paid":null,"fwci":0.1837,"has_fulltext":true,"cited_by_count":2,"citation_normalized_percentile":{"value":0.53473091,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":96},"biblio":{"volume":"7","issue":"3","first_page":"608","last_page":"629"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10646","display_name":"Experimental Behavioral Economics Studies","score":0.00039999998989515007,"subfield":{"id":"https://openalex.org/subfields/3311","display_name":"Safety Research"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.0,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/anchoring-effect","display_name":"anchoring effect","score":1.0},{"id":"https://openalex.org/keywords/cognitive-bias","display_name":"cognitive biases","score":0.8399999737739563},{"id":"https://openalex.org/keywords/bounded-rationality","display_name":"bounded rationality","score":0.906000018119812},{"id":"https://openalex.org/keywords/heuristics","display_name":"heuristics","score":0.8320000171661377},{"id":"https://openalex.org/keywords/classroom-experiments","display_name":"classroom experiments","score":0.6949999928474426},{"id":"https://openalex.org/keywords/rationality-principle","display_name":"rationality principle","score":0.3880000114440918}],"concepts":[{"id":"https://openalex.org/C18483071","wikidata":"https://www.wikidata.org/wiki/Q168432","display_name":"Anchoring","level":2,"score":0.9895747900009155},{"id":"https://openalex.org/C127705205","wikidata":"https://www.wikidata.org/wiki/Q5748245","display_name":"Heuristics","level":2,"score":0.7906498312950134},{"id":"https://openalex.org/C58694771","wikidata":"https://www.wikidata.org/wiki/Q814385","display_name":"Bounded rationality","level":2,"score":0.6935603022575378},{"id":"https://openalex.org/C189216375","wikidata":"https://www.wikidata.org/wiki/Q1127759","display_name":"Cognitive bias","level":3,"score":0.6718966364860535},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.6313559412956238},{"id":"https://openalex.org/C169900460","wikidata":"https://www.wikidata.org/wiki/Q2200417","display_name":"Cognition","level":2,"score":0.581771194934845},{"id":"https://openalex.org/C201717286","wikidata":"https://www.wikidata.org/wiki/Q938185","display_name":"Rationality","level":2,"score":0.5456534028053284},{"id":"https://openalex.org/C109574028","wikidata":"https://www.wikidata.org/wiki/Q647525","display_name":"Behavioral economics","level":2,"score":0.5259678363800049},{"id":"https://openalex.org/C180747234","wikidata":"https://www.wikidata.org/wiki/Q23373","display_name":"Cognitive psychology","level":1,"score":0.4914282560348511},{"id":"https://openalex.org/C2777212361","wikidata":"https://www.wikidata.org/wiki/Q5127848","display_name":"Class (philosophy)","level":2,"score":0.4293396472930908},{"id":"https://openalex.org/C120936955","wikidata":"https://www.wikidata.org/wiki/Q2155640","display_name":"Empirical research","level":2,"score":0.4130142033100128},{"id":"https://openalex.org/C77805123","wikidata":"https://www.wikidata.org/wiki/Q161272","display_name":"Social psychology","level":1,"score":0.3839552700519562},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3005027770996094},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.15172669291496277},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.1423160433769226},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.1206853985786438},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.09539219737052917},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.09329017996788025},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.07826882600784302},{"id":"https://openalex.org/C169760540","wikidata":"https://www.wikidata.org/wiki/Q207011","display_name":"Neuroscience","level":1,"score":0.0},{"id":"https://openalex.org/C111919701","wikidata":"https://www.wikidata.org/wiki/Q9135","display_name":"Operating system","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.46291/ijospervol7iss3pp608-629","doi":"https://doi.org/10.46291/ijospervol7iss3pp608-629","is_oa":true,"landing_page_url":"https://doi.org/10.46291/ijospervol7iss3pp608-629","pdf_url":"https://ijosper.uk/index.php/i/article/download/88/96","source":{"id":"https://openalex.org/S4210239402","display_name":"International Journal of Social Political and Economic Research","issn_l":"2667-8810","issn":["2667-8810"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Social, Political and Economic Research","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.46291/ijospervol7iss3pp608-629","doi":"https://doi.org/10.46291/ijospervol7iss3pp608-629","is_oa":true,"landing_page_url":"https://doi.org/10.46291/ijospervol7iss3pp608-629","pdf_url":"https://ijosper.uk/index.php/i/article/download/88/96","source":{"id":"https://openalex.org/S4210239402","display_name":"International Journal of Social Political and Economic Research","issn_l":"2667-8810","issn":["2667-8810"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Social, Political and Economic Research","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W3083476447.pdf","grobid_xml":"https://content.openalex.org/works/W3083476447.grobid-xml"},"referenced_works_count":33,"referenced_works":["https://openalex.org/W105140810","https://openalex.org/W158727920","https://openalex.org/W1562888238","https://openalex.org/W1789388849","https://openalex.org/W1970984308","https://openalex.org/W1974114718","https://openalex.org/W1990969594","https://openalex.org/W1998546711","https://openalex.org/W2000555506","https://openalex.org/W2042651776","https://openalex.org/W2044944116","https://openalex.org/W2048276573","https://openalex.org/W2049988107","https://openalex.org/W2107031757","https://openalex.org/W2107771764","https://openalex.org/W2121684756","https://openalex.org/W2133469585","https://openalex.org/W2135839350","https://openalex.org/W2146161689","https://openalex.org/W2147091291","https://openalex.org/W2152193038","https://openalex.org/W2165907628","https://openalex.org/W2195702428","https://openalex.org/W2752099845","https://openalex.org/W2942598744","https://openalex.org/W3011865677","https://openalex.org/W3124622930","https://openalex.org/W4238733263","https://openalex.org/W4242847335","https://openalex.org/W4292157289","https://openalex.org/W4299627282","https://openalex.org/W6676028428","https://openalex.org/W7071764571"],"related_works":["https://openalex.org/W3131935949","https://openalex.org/W7222309260","https://openalex.org/W2623632346","https://openalex.org/W4312142148","https://openalex.org/W7222287449","https://openalex.org/W7151742408","https://openalex.org/W4318460958","https://openalex.org/W4389199799","https://openalex.org/W7202298493","https://openalex.org/W7160287172"],"abstract_inverted_index":{"Over":[0],"the":[1,16,46,75,85,106,110,112,124,127,131,135,139,145,151,176,179],"last":[2,107],"decades,":[3],"standard":[4],"economic":[5,20],"assumptions":[6],"are":[7,118,147],"questioned":[8],"due":[9],"to":[10,30,39,59,123,150],"some":[11],"empirical":[12],"violation":[13],"examples":[14],"of":[15,45,49,74,109,114,138,178],"rationality":[17],"principle":[18],"in":[19,167,171],"theory.":[21],"Behavioral":[22],"economists":[23],"suggest":[24],"that":[25,69],"it":[26,81],"is":[27,67,72,97,156],"more":[28,157],"realistic":[29],"call":[31],"individuals":[32],"and":[33,56,62,102,120],"firms":[34],"\"bounded":[35],"rational\"":[36],"than":[37,159],"rational":[38],"solve":[40],"this":[41,89],"inconsistency.":[42],"Hence,":[43,165],"one":[44,73],"primary":[47],"sources":[48],"these":[50],"rationalities":[51],"comes":[52],"from":[53],"cognitive":[54,78,95],"biases":[55,79],"heuristics,":[57],"according":[58],"many":[60],"psychologies":[61],"behavioral":[63],"economics":[64],"studies.":[65],"It":[66],"assumed":[68],"anchoring":[70,91,128,154,163,168],"effect":[71,92,129,155,169],"most":[76],"robust":[77],"since":[80],"might":[82],"occur":[83],"without":[84],"individual's":[86],"awareness.":[87],"In":[88,105],"study,":[90,111],"as":[93],"a":[94,115,160,172],"bias":[96],"analyzed":[98],"with":[99],"its":[100],"theoretical":[101],"psychological":[103],"background.":[104],"section":[108],"findings":[113],"class":[116],"experiment":[117],"presented":[119],"discussed.":[121],"According":[122],"results,":[125],"when":[126,144],"increases,":[130],"anchors'":[132],"impact":[133],"on":[134,175],"mean":[136],"estimations":[137,177],"subjects":[140,146],"also":[141],"increases.":[142],"Moreover,":[143],"explicitly":[148],"directed":[149],"anchor":[152],"value,":[153],"influential":[158],"regular":[161],"incidental":[162],"effect.":[164],"increases":[166],"result":[170],"larger":[173],"influence":[174],"subjects.":[180]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2023,"cited_by_count":1}],"updated_date":"2026-10-17T09:40:24.721904","created_date":"2020-09-11T00:00:00"}