Correction, uncertainty, and anchoring effects
Files
First author draft
Date
2023-07-18
Authors
Lee, Chang-Yuan
Morewedge, Carey
Version
First author draft
OA Version
Citation
C.-Y. Lee, C. Morewedge. 2023. "Correction, uncertainty, and anchoring effects" Behavioral and Brain Sciences, Volume 46, pp.129-129. https://doi.org/10.1017/S0140525X2200303X
Abstract
We compare the predictions of two important proposals made by De Neys to findings in the anchoring effect literature. Evidence for an anchoring-and-adjustment heuristic supports his proposal that System 1 and System 2 are non-exclusive. The relationship between psychophysical noise and anchoring effects, however, challenges his proposal that epistemic uncertainty determines the involvement of System 2 corrective processes in judgment.