SARA: A cognitive process model to simulate the anchoring effect and hindsight bias

@article{Pohl2003SARAAC,
  title={SARA: A cognitive process model to simulate the anchoring effect and hindsight bias},
  author={R{\"u}diger F. Pohl and Markus Eisenhauer and Oliver Hardt},
  journal={Memory},
  year={2003},
  volume={11},
  pages={337 - 356}
}
The cognitive process model "SARA" aims to explain the anchoring effect and hindsight bias by making detailed assumptions about the representation and alteration of item-specific knowledge. The model assumes that all processes, namely generating an estimate, encoding new information (i.e., the "anchor"), and reconstructing a previously generated estimate, are based on a probabilistic sampling process. Sampling probes long-term memory in order to retrieve information into working memory… 
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