Anchoring and adjustment

Items and anchor values (Jacowitz and Kahneman 1995)

Research question

  • Does time pressure (respond within 7s) increase the anchor effect?

Suggest a minimum relevant effect

Some background

Plan the study

  • Pick one of the three items
  • Parameter recovery
    • Make a data frame for the two-by-two design
    • With the parameter values determined before, simulate responses
    • Re-estimate the parameters
  • Power simulation
    • Calculate the sample size necessary to detect the time-pressure effect

Bonus task: Verify the plausibility of your model

  • Download the raw data from the open anchoring quest project
  • Estimate \(\sigma\) and compare it to your value

References

Jacowitz, K. E., and D. Kahneman. 1995. “Measures of Anchoring in Estimation Tasks.” Personality and Social Psychology Bulletin 21 (11): 1161–66. https://doi.org/10.1177/01461672952111004.
Röseler, L., L. Weber, K. A. C. Helgerth, E. Stich, M. Günther, P. Tegethoff, F. S. Wagner, et al. 2022. OpAQ: Open Anchoring Quest, Version 1.1.50.97.” https://doi.org/10.17605/OSF.IO/YGNVB.
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