Journal ArticleDOI
A literature review of the anchoring effect
Adrian Furnham,Hua Chu Boo +1 more
TLDR
A review of the literature in this area including various different models, explanations and underlying mechanisms used to explain anchoring effects can be found in this article, where mood and individual difference (ability, personality, information styles) correlates of anchoring as well as the effect of motivation and knowledge on decisions affected by anchoring.Abstract:
The anchoring effect is one of the most robust cognitive heuristics. This paper reviews the literature in this area including various different models, explanations and underlying mechanisms used to explain anchoring effects. The anchoring effect is both robust and has many implications in all decision making processes. This review paper documents the many different domains and tasks in which the effect has been shown. It also considers mood and individual difference (ability, personality, information styles) correlates of anchoring as well as the effect of motivation and knowledge on decisions affected by anchoring. Finally the review looks at the applicants of the anchoring effects in everyday life.read more
Citations
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Journal ArticleDOI
Cognitive and Motivational Biases in Decision and Risk Analysis.
TL;DR: The cognitive and motivational biases that are relevant for decision and risk analysis because they can distort analysis inputs and are difficult to correct are identified and guidance about the existing debiasing techniques to overcome these biases is provided.
Journal ArticleDOI
A practical guide to structured expert elicitation using the IDEA protocol
Victoria Hemming,Mark A. Burgman,Anca M. Hanea,Marissa F. McBride,Bonnie C. Wintle,Bonnie C. Wintle +5 more
TL;DR: The IDEA protocol improves the accuracy of expert judgements and includes several key steps which may be familiar to many conservation researchers, such as the four‐step elicitation, and a modified Delphi procedure.
Journal ArticleDOI
Expasy, the Swiss Bioinformatics Resource Portal, as designed by its users.
Séverine Duvaud,Chiara Gabella,Frédérique Lisacek,Frédérique Lisacek,Heinz Stockinger,Vassilios Ioannidis,Christine Durinx +6 more
TL;DR: The Swiss Bioinformatics Resource Portal (expasy) as mentioned in this paper provides a portfolio of reliable and state-of-the-art resources for the storage, analysis and interpretation of biological data.
Journal ArticleDOI
Service Quality: The Impact of Frequency, Timing, Proximity, and Sequence of Failures and Delights
K. Sivakumar,Mei Li,Beibei Dong +2 more
TL;DR: In this article, the authors propose a conceptual model based on mental accounting principles derived from prospect theory and develop a series of research propositions to explicate the links between distribution patterns of service failures/delights and service quality perceptions.
Journal ArticleDOI
Reward feedback accelerates motor learning
A.A. Nikooyan,Alaa A. Ahmed +1 more
TL;DR: The use of reward feedback is a promising approach to either supplement or substitute sensory feedback in the development of improved neurorehabilitation techniques and points to an important role played by reward in the motor learning process.
References
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Book
Judgment Under Uncertainty: Heuristics and Biases
Amos Tversky,Daniel Kahneman +1 more
TL;DR: The authors described three heuristics that are employed in making judgements under uncertainty: representativeness, availability of instances or scenarios, and adjustment from an anchor, which is usually employed in numerical prediction when a relevant value is available.
Journal ArticleDOI
A Behavioral Model of Rational Choice
TL;DR: In this article, a model for the description of rational choice by organisms of limited computational ability is proposed, and the model is used to describe rational choice in organisms with limited computational abilities.
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A perspective on judgment and choice: Mapping bounded rationality.
TL;DR: Determinants and consequences of accessibility help explain the central results of prospect theory, framing effects, the heuristic process of attribute substitution, and the characteristic biases that result from the substitution of nonextensional for extensional attributes.
Journal ArticleDOI
Cognitive Reflection and Decision Making
TL;DR: This paper introduced a three-item Cognitive Reflection Test (CRT) as a simple measure of one type of cognitive ability, i.e., the ability or disposition to reflect on a question and resist reporting the first response that comes to mind.
Journal ArticleDOI
Integration of the cognitive and the psychodynamic unconscious.
TL;DR: Cognitive-experiential self-theory integrates the cognitive and the psychodynamic unconscious by assuming the existence of two parallel, interacting modes of information processing: a rational system and an emotionally driven experiential system.