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• W3165779855 abstract "The current investigation examined the nature of the cognitive processes that underlie decision-making behavior. The focus of this project centered on the effects of utilizing heuristics that pertain to the availability of information stored in memory. Anchoring effects demonstrate that people will use any available information sampled from memory as a reference for making judgments of frequency. The specific aim of the experiment was to examine whether people exhibit patterns of behavior consistent with anchoring effects, revealed by corrupted subjective judgments, despite explicit notice of instruction to disregard the experimenter-supplied information (the anchor). Subjects failed to demonstrate an ability to disregard a relatively high anchor even when the instruction to do so was explicit. However, in contrast, subjects demonstrated an ability to disregard a relatively low anchor. More broadly, subjects instructed to disregard demonstrated a reduced effect of anchoring. Implications are considered within the context of the availability heuristic and the directly related effects of anchoring. The results may be interpreted within the framework of a dual-process model, two-system view that distinguishes intuition from reasoning. The present findings fit with well-supported theoretical explanations of anchoring effects, such as selective accessibility and numerical priming." @default.
• W3165779855 created "2021-06-07" @default.
• W3165779855 creator A5012198641 @default.
• W3165779855 creator A5066030899 @default.
• W3165779855 date "2021-05-26" @default.
• W3165779855 modified "2023-09-25" @default.
• W3165779855 title "Anchoring and Judgment Bias: Disregarding Under Uncertainty" @default.
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• W3165779855 doi "https://doi.org/10.1177/00332941211016750" @default.
• W3165779855 hasPubMedId "https://pubmed.ncbi.nlm.nih.gov/34039105" @default.
• W3165779855 hasPublicationYear "2021" @default.
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