Construct · 1 fields · 1 citations

anchor precision effect: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Judgment and decision making

the smaller adjustment people make from a precise anchor such as a price ending in odd digits than from a round anchor.

In judgment and decision making, anchor precision effect refers to the smaller adjustment people make from a precise anchor such as a price ending in odd digits than from a round anchor. This meaning comes from Janiszewski (2008) in Psychological Science.[1]

Unit
Recovery means
Measured by

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Nearby constructs

judgment2 fields · 4 citationsjingle · one word, two constructs precision3 fields · 6 citationsjingle · one word, three constructs round3 fields · 5 citationsjingle · one word, three constructs

References

Janiszewski, C., & Uy, D. (2008). Precision of the Anchor Influences the Amount of Adjustment. Psychological Science, 19(2), 121-127. https://doi.org/10.1111/j.1467-9280.2008.02057.x

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