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Anchoring

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Anchoring & Adjustment. Plous Ch 13. View # on wheel; How many African ... ANCHORS. political pressures for minor adjustments to (political or legal) status quo ... – PowerPoint PPT presentation

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Title: Anchoring


1
Anchoring Adjustment
  • Plous Ch 13

2
View on wheel How many African countries in UN?
  • Wheel 65
  • Estimates African Countries - UN
  • 45
  • Wheel 10
  • Estimates
  • African Countries - UN
  • 25

3
Anchoring adjustment bias - non-numeric
predictions
  • Positive or Negative
  • essays
  • ..gt
  • Opinions on
  • SALT II
  • (even with )

4
Anchors - Low probability events
  • Nuclear war
  • US - Russia
  • low anchor (less 1)
  • high anchor (90)
  • BOTH influenced
  • subjective estimates

5
Anchoring adjustments - BUDGET ESTIMATES
  • Psychological explanation
  • Theories of Public Budgets
  • T1 minor incremental change
  • status quo bias budgets, Court decisions,
    public policy initiatives

6
Whats best prediction next years BUDGET
(policy proposal)???
  • What BUDGET today?
  • Whats policy today
  • minor, INCREMENTAL Adjustments
  • (small increase small decrease)

7
Variants satisficing
  • find good enough solution
  • status quo anchor
  • gt
  • incrementalism
  • Lincoln Bloomfield

8
Why is there a status quo bias in Public Policy
(the law)?
  • Cognitive
  • ANCHORS
  • Incremental
  • adjustments
  • Political
  • ANCHORS
  • political pressures for minor adjustments to
    (political or legal) status quo
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