{"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/"}]}