Integrating information from multiple sources: A metacognitive account of self-generated and externally provided anchors

  title={Integrating information from multiple sources: A metacognitive account of self-generated and externally provided anchors},
  author={Keith W. Dowd and John V. Petrocelli and Myles T. Wood},
  journal={Thinking \& Reasoning},
  pages={315 - 332}
Estimates of unknown quantities are influenced by both self-generated anchors (SGAs) and externally provided anchors (EPAs; e.g., the advice of others). It was hypothesised that people use the degree of similarity between these anchors to render final responses. Thus we tested predictions drawn from metacognitive accounts of anchoring using procedures similar to the traditional anchoring paradigm. In a single experiment we manipulated SGA–EPA similarity, EPA level, and EPA source credibility… 

Anchoring in Numeric Judgments of Visual Stimuli

This article investigates effects of anchoring in age estimation and estimation of quantities, two tasks which to different extents are based on visual stimuli. The results are compared to anchoring

Are Big Five Traits and Facets Associated With Anchoring Susceptibility?

Anchoring, the assimilation of judgments to previously considered values, is one of the most robust findings in psychology, and researchers have been increasingly interested in finding individual

Anchoring biases in estimations of age, weight and height

The main purpose of this thesis was to study the circumstances under which anchoring biases occur for estimation of age, weight and height. Paper I investigated accuracy and biases in age estimates

Kunskapsvarians vid förhandlingar : En studie om hur kunskapsvarians påverkar förankringseffekten vid förhandlingar

Syfte: Denna uppsats behandlar en undermedveten kognitiv bias vilken benamns som ”anchoring effect” eller forankringseffekten. Effekten uppenbaras da manniskor tenderar att lagga for mycket tillit ...



Putting Adjustment Back in the Anchoring and Adjustment Heuristic: Differential Processing of Self-Generated and Experimenter-Provided Anchors

Evidence is presented that insufficient adjustment produces anchoring effects when the anchors are self-generated, and it is suggested it is time to reintroduce anchoring and adjustment as an explanation for some judgments under uncertainty.

Anchoring, Activation, and the Construction of Values.

  • ChapmanJohnson
  • Psychology
    Organizational behavior and human decision processes
  • 1999
This work suggests that anchors affect judgments by increasing the availability and construction of features that the anchor and target hold in common and reducing the availability of features of the target that differ from the anchor.

When effortful thinking influences judgmental anchoring: differential effects of forewarning and incentives on self‐generated and externally provided anchors

Two experiments examined the impact of financial incentives and forewarnings on judgmental anchoring effects, or the tendency for judgments of uncertain qualities to be biased in the direction

Are Adjustments Insufficient?

Evidence is provided of adjustment-based Anchoring effects similar to the accessibility-based anchoring effects observed in the traditional anchoring paradigm, supporting theories of social judgment that rely on mechanisms of insufficient adjustment.

Considering The Impossible: Explaining The Effects of Implausible Anchors

Research on judgmental anchoring - the assimilation of a numeric estimate towards a previously considered standard - has demonstrated that implausible anchors produce large effects. We propose an

Persuasion: From Single to Multiple to Metacognitive Processes

  • R. PettyP. Briñol
  • Psychology
    Perspectives on psychological science : a journal of the Association for Psychological Science
  • 2008
The role of a recently discovered new contributor to persuasion: self-validation is described, which unlike previous mechanisms that focus on primary cognition, this new process emphasizes secondary or meta-cognition.

Susceptibility to anchoring effects: How openness-to-experience influences responses to anchoring cues

Previous research on anchoring has shown this heuristic to be a very robust psychological phenomenon ubiquitous across many domains of human judgment and decision-making. Despite the prevalence of