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September 18, 2025

A Guide to the Literature on Anchoring: Procedures, Effects, and Mechanisms (Review article)

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Anchoring significantly influences numerical estimates, leading to convergence despite irrelevant information.
Key moderators include characteristics of anchors, environment, and participant traits, affecting the anchoring effect.
This review analyzes various experimental paradigms associated with anchoring, highlighting its robustness and replicability.
The discussion includes theoretical models of anchoring and identifies effective debiasing techniques for mitigating its impact.

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Review article explores moderators of anchoring effects in numerical estimates, suggesting debiasing techniques may improve outcomes.

Predrag Teovanović (2025) studied this question.

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