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{ "pk": 27971, "title": "Multiple anchors and the MOLE: Benefits for elicitation", "subtitle": null, "abstract": "Anchoring is a well-known, robust effect causing estimates tobe biased towards previously seen values – regardless of theirrelevance. Reducing anchoring bias is important for optimizingestimation. Herein, we tested the MOLE (More-Or-LessElicitation) tool’s ability to limit the impact of anchors onestimates. In a direct elicitation task, 62 participants’ bestestimates correlated with anchor values at 0.27 whereas, whenusing the MOLE, this relationship disappeared (r = .02).Results also showed, however, that expertise reduces theimpact of anchoring (r = -0.46). We conclude that use of theMOLE assists in avoiding anchoring and that this will be mosthelpful in areas of high uncertainty.", "language": "eng", "license": { "name": "", "short_name": "", "text": null, "url": "" }, "keywords": [ { "word": "anchoring; elicitation; accuracy; expertise; decision making; repeated judgment; MOLE" } ], "section": "Publication-based-Talks", "is_remote": true, "remote_url": "https://escholarship.org/uc/item/102659rh", "frozenauthors": [ { "first_name": "Marianne", "middle_name": "H", "last_name": "Clausen", "name_suffix": "", "institution": "University of Adelaide", "department": "" }, { "first_name": "Mathew", "middle_name": "B", "last_name": "Welsh", "name_suffix": "", "institution": "U of Adelaide", "department": "" } ], "date_submitted": null, "date_accepted": null, "date_published": "2018-01-01T18:00:00Z", "render_galley": null, "galleys": [ { "label": "PDF", "type": "pdf", "path": "https://journalpub.escholarship.org/cognitivesciencesociety/article/27971/galley/17609/download/" } ] }