12 Pages Posted: 9 Nov 2013 Last revised: 5 May 2014
Date Written: April 27, 2014
We revisit a recent failure-to-replicate the finding that arbitrary anchors influence monetary valuations. Though in the replication the point estimate is indeed not significantly different from zero, it is also not significantly different from a sizable effect. This is partially explained by a high share of valuations near $0 in the replication, causing a floor effect and augmenting the impact of rounding error. P-curve analysis of the original paper overwhelmingly rejects the possibility that the evidence for anchoring effects is false-positive..
Keywords: anchoring; p-curve; false-positive
Suggested Citation: Suggested Citation
Simonsohn, Uri and Simmons, Joseph P. and Nelson, Leif D., Anchoring is Not a False-Positive: Maniadis, Tufano, and List's (2014) 'Failure-to-Replicate' is Actually Entirely Consistent with the Original (April 27, 2014). Available at SSRN: https://ssrn.com/abstract=2351926 or http://dx.doi.org/10.2139/ssrn.2351926