Skip to main navigationSkip to main content
The University of Southampton
EconomicsPart of Economic, Social and Political Science

1314 One Swallow Doesn't Make Summer: New Evidence on Anchoring Effects (Z. Maniadis, F. Tufano & J. List)

Author: Zacharias Maniadis (University of Southampton), Fabio Tufano (University of Nottingham) John List (University of Chicago)

Paper number 1314

Some researchers have argued that anchoring in economic valuations casts doubt on the assumption of consistent and stable preferences. We present new evidence that questions the robustness of certain anchoring results. We then present a theoretical framework that provides insights into why we should be cautious of initial empirical findings in general. The model importantly highlights that the rate of false positives depends not only on the observed significance level, but also on statistical power, research priors, and the number of scholars exploring the question. Importantly, a few independent replications dramatically increase the chances that a given original finding is true.

Useful Downloads

Need the software?PDF Reader
Privacy Settings