Construct · 1 fields · 1 citations

coherent arbitrariness: a standalone construct

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

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

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Behavioral economics

the pattern in which valuations are strongly swayed by arbitrary anchors yet respond in an orderly way to later changes in quantity or quality.

In behavioral economics, coherent arbitrariness refers to the pattern in which valuations are strongly swayed by arbitrary anchors yet respond in an orderly way to later changes in quantity or quality. This meaning comes from Ariely (2003) in The Quarterly Journal of Economics.[1]

Unit
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Nearby constructs

arbitrariness4 fields · 6 citationsjingle · one word, four constructs pattern4 fields · 5 citationsjingle · one word, four constructs quality6 fields · 13 citationsjingle · one name, six constructs

References

Ariely, D., Loewenstein, G., & Prelec, D. (2003). "Coherent Arbitrariness": Stable Demand Curves Without Stable Preferences. The Quarterly Journal of Economics, 118(1), 73-106. https://doi.org/10.1162/00335530360535153

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