Psychology Atlas

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Framing And Anchoring Effects

A decision bias in which the way a choice or a number is presented, rather than its underlying substance, measurably shifts the judgment a person makes, whether by casting the same outcome in gain or loss terms or by fixing attention on an initial reference value that then pulls subsequent estimates toward it. This group gathers the framing and anchoring phenomena recorded for this atlas, a foundational pair of concepts in behavioral economics and judgment-and-decision-making research documenting how presentation and initial reference points systematically bias human judgment.

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Originating Work
Judgment Under Uncertainty: Heuristics and Biases (Tversky and Kahneman, Science, 1974) 1
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Framing And Anchoring Effects
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1. Wikipedia: Heuristics in Judgment and Decision-Making
Wikimedia FoundationHeuristics in judgment and decision-making, Tversky and Kahneman section, framing/anchoring group
Quote, Heuristics in judgment and decision-making, Tversky and Kahneman section, framing/anchoring group
This research, called the heuristics-and-biases program, challenged the idea that human beings are rational actors and first gained worldwide attention in 1974 with the Science paper "Judgment Under Uncertainty: Heuristics and Biases".
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