Araştırma Makalesi

ANCHORING EFFECT: A MYTH OR REALITY?

Cilt: 15 Sayı: 1 4 Eylül 2019
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ANCHORING EFFECT: A MYTH OR REALITY?

Öz

Consumers are often irrational when making their purchase decisions. Anchoring effect is one of the most common cognitive biases resorted to by consumers in irrational behaviours.  Although there are many studies supporting anchoring effect in literature, there are studies against it too. This study amis to test the influence of anchoring effect on nine different products through a longtidunal stuy with non-student sampling and large numbers of data sets.




Data were collected from 2041 through a snowball and convenience sampling method between the years of 2016-2019. The results show that there is a significant relationship between number (anchor) determined by the participants and the price they are happy to pay. A one-unit increase in the anchor number  results an increase of 34% consumers are willing to pay for a product. The consumers who stated the numbers between 80-100 as anchors were willing to pay %178% more for a product than customers who stated numbers between 0-20 as anchors.




Anahtar Kelimeler

Kaynakça

  1. References
  2. Adame, B. J. (2016). Training in the mitigation of anchoring bias: A test of the consider-the-opposite strategy. Learning and Motivation, 53, 36-48.
  3. Anderson, S., Harrison, G. W., Lau, M. I., & Elisabet, R. E. (2007). Valuation using multiple price list formats. Applied Economics, 39(6), 675-682.
  4. Ariely, D., Loewenstein, G., & Prelec, D. (2003). Coherent arbitrariness: Stable demand curves without stable preferences. The Quarterly Journal of Economics, 118(1), 73-106.
  5. Averill, J. R. (1973). Personal control over aversive stimuli and its relationship to stress. Psychological bulletin, 80(4), 286-303.
  6. Bateman, T. S. (1980). Contingent concession strategies in dyadic bargaining. Organizational Behavior and Human Performance, 26(2), 212-221.
  7. Belsky, Gary and Thomas Gilovich (1999). Why Smart People Make Big Mistakes and How to Correct Them: Lessons From the New Science of Behavioral Economics, New York, NY: Fireside.
  8. Bergman, O., Ellingsen, T., Johannesson, M., & Svensson, C. (2010). Anchoring and cognitive ability. Economics Letters, 107(1), 66-68.

Ayrıntılar

Birincil Dil

İngilizce

Konular

-

Bölüm

Araştırma Makalesi

Yayımlanma Tarihi

4 Eylül 2019

Gönderilme Tarihi

22 Mayıs 2019

Kabul Tarihi

30 Haziran 2019

Yayımlandığı Sayı

Yıl 2019 Cilt: 15 Sayı: 1

Kaynak Göster

APA
Boz, H. (2019). ANCHORING EFFECT: A MYTH OR REALITY? Ekonomik ve Sosyal Araştırmalar Dergisi, 15(1), 33-47. https://izlik.org/JA79KG55AC
AMA
1.Boz H. ANCHORING EFFECT: A MYTH OR REALITY? ESAD. 2019;15(1):33-47. https://izlik.org/JA79KG55AC
Chicago
Boz, Hakan. 2019. “ANCHORING EFFECT: A MYTH OR REALITY?”. Ekonomik ve Sosyal Araştırmalar Dergisi 15 (1): 33-47. https://izlik.org/JA79KG55AC.
EndNote
Boz H (01 Eylül 2019) ANCHORING EFFECT: A MYTH OR REALITY? Ekonomik ve Sosyal Araştırmalar Dergisi 15 1 33–47.
IEEE
[1]H. Boz, “ANCHORING EFFECT: A MYTH OR REALITY?”, ESAD, c. 15, sy 1, ss. 33–47, Eyl. 2019, [çevrimiçi]. Erişim adresi: https://izlik.org/JA79KG55AC
ISNAD
Boz, Hakan. “ANCHORING EFFECT: A MYTH OR REALITY?”. Ekonomik ve Sosyal Araştırmalar Dergisi 15/1 (01 Eylül 2019): 33-47. https://izlik.org/JA79KG55AC.
JAMA
1.Boz H. ANCHORING EFFECT: A MYTH OR REALITY? ESAD. 2019;15:33–47.
MLA
Boz, Hakan. “ANCHORING EFFECT: A MYTH OR REALITY?”. Ekonomik ve Sosyal Araştırmalar Dergisi, c. 15, sy 1, Eylül 2019, ss. 33-47, https://izlik.org/JA79KG55AC.
Vancouver
1.Hakan Boz. ANCHORING EFFECT: A MYTH OR REALITY? ESAD [Internet]. 01 Eylül 2019;15(1):33-47. Erişim adresi: https://izlik.org/JA79KG55AC

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